BTIG Believes Texas Roadhouse (TXRH) Won’t Stop Here

In a report issued on April 30, Peter Saleh from BTIG reiterated a Buy rating on Texas Roadhouse (TXRH), with a price target of $125.00. The company’s shares closed last Friday at $107.02, close to its 52-week high of $110.75.

According to, Saleh is a 5-star analyst with an average return of 26.4% and a 81.0% success rate. Saleh covers the Services sector, focusing on stocks such as Kura Sushi USA, Domino’s Pizza, and Drive Shack.

The word on The Street in general, suggests a Hold analyst consensus rating for Texas Roadhouse with a $107.38 average price target, implying a 1.8% upside from current levels. In a report issued on April 16, Wedbush also maintained a Buy rating on the stock with a $110.00 price target.

See today’s analyst top recommended stocks >>

Texas Roadhouse’s market cap is currently $7.46B and has a P/E ratio of 223.00. The company has a Price to Book ratio of 8.76.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TXRH in relation to earlier this year.

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. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches. It also provides supervisory and administrative services for other license and franchise restaurants. The company was founded by W. Kent Taylor on February 17, 1993 and is headquartered in Louisville, KY.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts