Wedbush analyst Nick Setyan maintained a Hold rating on Texas Roadhouse (NASDAQ: TXRH) today and set a price target of $62. The company’s shares closed yesterday at $66.81.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 7.3% and a 59.6% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Jack In The Box Inc, and Cheesecake Factory.
Currently, the analyst consensus on Texas Roadhouse is a Hold with an average price target of $68.78, implying a 2.9% 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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The company has a one-year high of $75.24 and a one-year low of $47.70. Currently, Texas Roadhouse has an average volume of 726.7K.
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.
