Texas Roadhouse price target raised to $210 from $200 at Wedbush

Wedbush raised the firm’s price target on Texas Roadhouse (TXRH) to $210 from $200 and keeps an Outperform rating on the shares. The firm says that its checks point to a March acceleration to mid-single digit same-store sales growth. While Wedbush sees little risk to 3%-4% commodity inflation and 4%-5% labor inflation guidance, it bakes in commodity inflation above the midpoint of guidance. Wedbush views Texas Roadhouse as the primary transaction share gainer within the casual dining category for the foreseeable future.