Texas Roadhouse (TXRH) PT, Est. Raised at Jefferies Post Q1; Remains on Sidelines

Jefferies analyst Andy Barish bumped estimates and his price target on Texas Roadhouse (NASDAQ: TXRH) to $36.00 (from $34.00) following results but maintained a Hold rating.

Barish commented, "While most peers have seen SSS trends remain sluggish into April, TXRH is running up 8.4% vs 2Q cons 6.7%. This will likely be the key focus for investors and help drive the stock near term, as most investors were expecting to see trends slow. While we are impressed with SSS trends, we rate the stock Hold as we balance the robust topline with the risk of continued beef infl through ’16 & labor headwinds through ’15. Our 15/16 EPS to $1.42/$1.62."

For an analyst ratings summary and ratings history on Texas Roadhouse click here. For more ratings news on Texas Roadhouse click here.

Shares of Texas Roadhouse closed at $33.67 yesterday.

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