Texas Roadhouse price target lowered to $180 from $184 at JPMorgan

JPMorgan lowered the firm’s price target on Texas Roadhouse to $180 from $184 and keeps a Neutral rating on the shares. The firm says that in environment where consumers have become more “choiceful,” previous periods of challenge have shown consumers rotate to the brands where they are most assured a superior experience, and Texas Roadhouse “currently owns that mantle in the space.” The company shows value of consistent fair price and high service offering, bucking the industry trends, the analyst tells investors in a research note.