Texas Roadhouse (TXRH) Receives a Buy from Wedbush

Wedbush analyst Nick Setyan maintained a Buy rating on Texas Roadhouse (TXRH) today and set a price target of $73.00. The company’s shares closed last Monday at $46.32.

According to TipRanks.com, Setyan is a 2-star analyst with an average return of -0.2% and a 51.8% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Dine Brands Global, and Cheesecake Factory.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Texas Roadhouse with a $56.86 average price target, a 30.7% upside from current levels. In a report issued on April 20, Raymond James also maintained a Buy rating on the stock with a $52.00 price target.

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Texas Roadhouse’s market cap is currently $3.21B and has a P/E ratio of 18.20. The company has a Price to Book ratio of 3.94.

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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. 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.

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