Wedbush analyst Nick Setyan maintained a Buy rating on Texas Roadhouse (NASDAQ: TXRH) today and set a price target of $69. The company’s shares closed yesterday at $60.76.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 7.2% and a 61.4% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Jack In The Box Inc, and Cheesecake Factory.
Texas Roadhouse has an analyst consensus of Moderate Buy, with a price target consensus of $67.20.
See today’s analyst top recommended stocks >>
Based on Texas Roadhouse’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $54.54 million. In comparison, last year the company had a net profit of $34.31 million.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
