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Texas Roadhouse initiated with a Neutral at Goldman Sachs

Goldman Sachs initiated coverage of Texas Roadhouse (TXRH) with a Neutral rating and $213 price target The company continues to outperform the casual dining industry as its trends accelerated post-COVID with a relative price advantage, the analyst tells investors in a research note. However, the firm says this has led to a significant step-up in the stock’s valuation multiple over the recent years.

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