Texas Roadhouse price target raised to $186 from $176 at Stephens

Stephens analyst Jim Salera raised the firm’s price target on Texas Roadhouse (TXRH) to $186 from $176 and keeps an Equal Weight rating on the shares as the firm rolls forward its 16.5-times target multiple based on its next twelve months EBITDA forecast of $744M. Overall, Q3 results were better than expected on the top-line, in-line on restaurant-level margins, and slightly below on EPS, the analyst tells investors in a post-earnings note.