Piper Sandler Reiterates Neutral Rating on Texas Roadhouse (TXRH), 'Joins the Top 5 in restaurants'

Piper Sandler analyst Brian Mullan reiterated a Neutral rating and $136.00 price target on Texas Roadhouse (NASDAQ: TXRH).

The analyst said: "Texas Roadhouse is ranked at the No. 5 spot as the most preferred brand among All Teens with 4% mindshare. Among Average Income Teens, Texas Roadhouse is ranked at the No. 5 spot with 4% mindshare. Texas Roadhouse is not ranked among the Top 5 brands for Upper Income Teens losing out to Olive Garden with 4% mindshare. Olive Garden (DRI, Neutral PT $167) is the only other full-service brand ranked a Top 5 Brand, specific to Upper Income Teens. Texas Roadhouse is the only full-service restaurant company to be ranked within the Top 5 Restaurants among All Teens, which we note could be an important trend to watch as teens could be shifting behaviors to a more value-oriented full service experience."

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 $150.19 yesterday.

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