Maxim Group analyst Stephen Anderson maintained a Hold rating on Texas Roadhouse (TXRH) today and set a price target of $66. The company’s shares closed yesterday at $59.71.
Anderson observed:
“We maintain our Hold rating and $66 price target on Texas Roadhouse (TXRH) following our group client conference call yesterday with CFO Tonya Robinson.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.4% and a 65.5% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
Currently, the analyst consensus on Texas Roadhouse is a Hold with an average price target of $67.25.
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Based on Texas Roadhouse’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $30.33 million. In comparison, last year the company had a net profit of $28.62 million.
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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.
