Jefferies Boosts Numbers on Texas Roadhouse (TXRH) After Solid Q4, Maintains Hold Rating

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Jefferies raised estimates and its price target on Texas Roadhouse (NASDAQ: TXRH) from $14 to $15 after Q4 EPS beat the Street by 1 cent as calendar & weather drive SSS upside and offset continued food and growth cost. Also SSS were up 5.6% versus the consensus of 4.1%.

The firm raised Q1 EPS estimates from $0.27 to $0.29 and FY12 from $0.86 to $0.91.

"The stock could be up modestly on solid SSS, but tough to see upside to EPS and stock at these levels," the analyst comments.

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 $16.30 yesterday, with a 52 week range of $12.21-$18.46.

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