Texas Roadhouse (TXRH) Receives a Hold from Maxim Group


Maxim Group analyst Stephen Anderson maintained a Hold rating on Texas Roadhouse (NASDAQ: TXRH) today and set a price target of $66. The company’s shares closed yesterday at $66.81.

Anderson said:

“We maintain our Hold rating on Texas Roadhouse (TXRH), though lower our price target to $66, from $72, following the release of mixed 3Q18 (September) results.”

According to TipRanks.com, Anderson is a top 100 analyst with an average return of 13.2% and a 70.0% 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 $68.30, implying a 2.2% upside from current levels. In a report issued on October 24, Loop Capital Markets also initiated coverage with a Hold rating on the stock with a $73 price target.

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Texas Roadhouse’s market cap is currently $4.78B and has a P/E ratio of 30.23. The company has a Price to Book ratio of 5.26.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock.

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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.

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