Truist analyst Jake Bartlett lowered the firm’s price target on Texas Roadhouse (TXRH) to $205 from $209 but keeps a Buy rating on the shares after its Q4 earnings beat. The company’s underlying comps trends appear to be solid, even though higher beef costs are pressuring 2025 margins, the analyst tells investors in a research note. With decelerating near-term comps and risk to margin guidance disclosure now in the rear-view mirror, there is opportunity for multiple expansion, the firm adds.
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