Texas Roadhouse (TXRH) Receives a Hold from Wells Fargo

Wells Fargo analyst Zachary Fadem maintained a Hold rating on Texas Roadhouse (TXRH – Research Report) today and set a price target of $140.00. The company’s shares closed yesterday at $153.06.

According to TipRanks, Fadem is a 5-star analyst with an average return of 14.0% and a 64.19% success rate. Fadem covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, Lowe’s, and O’Reilly Auto.

In addition to Wells Fargo, Texas Roadhouse also received a Hold from Barclays’s Jeff Bernstein in a report issued on April 19. However, yesterday, Bank of America Securities maintained a Buy rating on Texas Roadhouse (NASDAQ: TXRH).

The company has a one-year high of $157.12 and a one-year low of $90.25. Currently, Texas Roadhouse has an average volume of 769.5K.

Based on the recent corporate insider activity of 44 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.

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Texas Roadhouse (TXRH) Company Description:

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.