In a report released today, Jeff Bernstein from Barclays maintained a Buy rating on Texas Roadhouse (NASDAQ: TXRH), with a price target of $72. The company’s shares closed yesterday at $67.40, close to its 52-week high of $69.43.
According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 9.0% and a 69.5% success rate. Bernstein covers the Services sector, focusing on stocks such as Brinker International, Jack In The Box Inc, and BJ’s Restaurants.
Texas Roadhouse has an analyst consensus of Moderate Buy, with a price target consensus of $66.91, implying a -0.7% downside from current levels. In a report issued on July 12, Stifel Nicolaus also maintained a Buy rating on the stock with a $72 price target.
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Texas Roadhouse’s market cap is currently $4.81B and has a P/E ratio of 31.79. The company has a Price to Book ratio of 5.51.
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Texas Roadhouse, Inc. is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names.
