Texas Roadhouse price target raised to $170 from $160 at Wedbush

Wedbush raised the firm’s price target on Texas Roadhouse to $170 from $160 and keeps an Outperform rating on the shares. The analyst says the firm’s “solid” Q1 checks underline Texas Roadhouse’s ability to deliver even in the toughest environments. The company’s relative value advantage is poised to become even more attractive as 2024 progresses, the analyst tells investors in a research note.