Stifel analyst Chris O'Cull called Texas Roadhouse's (TXRH) Q4 results "better than expected," noting the company reported EPS of 61c, better than Stifel's 54c estimate and the Street's 52c estimate, driven by lower than expected labor and food costs. The analyst added that the company reaffirmed all aspects of its guidance, except for raising its FY20 capex guidance by $20M. O'Cull maintained a Hold rating on Texas Roadhouse, and raised his price target on shares to $70 from $65, saying that while EPS and sales estimates remain achievable, his view remains tempered by the stock's current valuation.