Stifel analyst Chris O'Cull raised the price target on Texas Roadhouse (NASDAQ: TXRH) to $180.00 (from $170.00) while maintaining a Hold rating.

The analyst commented, "We rate Texas Roadhouse, Inc. (TXRH) shares Hold with a 12-month target price of $180. Texas Roadhouse has been able to drive category-leading same-restaurant sales despite widespread industry issues. We attribute the company's success to its compelling value position, decentralized operating culture, and Managing Partner incentive program. The concept offers a compelling value proposition serving freshlyprepared food at moderate prices in an energetic atmosphere. We believe guests also experience excellent service as the restaurants operate with low table-to-server ratios. Our Hold rating reflects our view that the risk/reward is fairly balanced at the current valuation."