Stephens analyst Will Slabaugh noted that Texas Roadhouse reported Q1 SSS growth of 4.9% that topped expectations and said comps were up an "impressive" 8.5% in the new quarter-to-date. While he acknowledges the stock's valuation is at an all-time high, Slabaugh sees the company being positioned to continue to outperform given the combination of its aggressive everyday value, high-quality experience, and exposure to an improving low-to-middle income consumer. He raised his price target on Texas Roadhouse to $70 and keeps an Overweight rating on the shares.