Wedbush Believes Texas Roadhouse (TXRH) Still Has Room to Grow


In a report released today, Nick Setyan from Wedbush maintained a Buy rating on Texas Roadhouse (TXRH), with a price target of $82.00. The company’s shares closed last Friday at $73.87, close to its 52-week high of $74.35.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 6.2% and a 57.3% success rate. Setyan covers the Services sector, focusing on stocks such as Papa John’s International, Del Taco Restaurants, and Dine Brands Global.

Texas Roadhouse has an analyst consensus of Moderate Buy, with a price target consensus of $65.69, a -10.7% downside from current levels. In a report issued on October 12, Raymond James also reiterated a Buy rating on the stock with a $80.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $74.35 and a one-year low of $25.15. Currently, Texas Roadhouse has an average volume of 898.4K.

Based on the recent corporate insider activity of 22 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