Market Overview

UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Texas Roadhouse on 4Q Beat

Related TXRH
Soaring Beef Prices: 3 Stocks to Feel the Bite - Analyst Blog
Morgan Stanley Remains Positive on Texas Roadhouse Following Another Solid Quarter

In a report published Wednesday, Deutsche Bank reiterated its Buy rating on Texas Roadhouse (NASDAQ: TXRH), and raised its price target from $20.00 to $22.00.

Deutsche Bank noted, “TXRH delivered a high-quality beat on 4Q and continues to outperform industry peers on SSS. We're bumping up 2013E EPS to $1.15 from $1.13, which still feels a bit conservative. Current valuation of 15x ‘13E P/E (vs. peer group ~18x) does not reflect above-avg. unit growth, a consistent positive gap to industry SSS trends, a track record for healthy EPS growth (even in times of beef infl.), and strong c/f, in our view. Buy.”

Texas Roadhouse closed on Tuesday at $17.50.

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (TXRH)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free