Texas Roadhouse (TXRH) Buy Reiterated at RBC Capital

RBC Capital analyst David Palmer reiterated an Outperform rating and $32 price target on Texas Roadhouse (NASDAQ: TXRH) following Q1 results although he lowered 2014 and 2015 estimates.

Palme commented, "We are lowering our 2014 estimates to account for the sustained harsh weather throughout 1Q14 and the potential that the company may push current food inflation guidance higher as a result of rising steak prices. However, we still believe Texas Roadhouse will maintain its SSS growth gap to the industry with the possibility for additional traffic if it can maintain its entry-point prices."

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 $25.07 yesterday.

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