Guggenheim lowered the firm’s price target on Texas Roadhouse (TXRH) to $205 from $215 and keeps a Buy rating on the shares after trimming estimates for 2025. The firm thinks Q4 results should be “relatively in line with consensus,” but notes that early 2025 data checks have been soft amid challenging weather and a soft overall industry and that cattle prices and steak inflation have increased over the past several months, which could put upward pressure on 2025 cost of goods inflation.
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Read More on TXRH:
- Texas Roadhouse price target raised to $260 from $242 at BofA
- Texas Roadhouse upgraded to Overweight from Equal Weight at Morgan Stanley
- Texas Roadhouse offers ‘substantial upside’ to 2025 estimates, says Loop Capital
- Texas Roadhouse price target raised to $209 from $207 at Truist
- Texas Roadhouse downgraded to Hold at Gordon Haskett as risk/reward balanced