Truist analyst Jake Bartlett raised the firm’s price target on Texas Roadhouse to $127 from $120 and keeps a Buy rating on the shares. While beef costs remain a risk for Texas Roadhouse, the firm is modeling in ~2% of incremental menu price in October, which should support margins and continued SSS outperformance, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TXRH:
- Texas Roadhouse initiated with an Overweight at Piper Sandler
- Citi ups Texas Roadhouse target, opens ‘positive catalyst watch’
- Texas Roadhouse price target raised to $109 from $104 at RBC Capital
- Texas Roadhouse, Inc. to Announce Second Quarter Earnings on July 27, 2023
- Alphabet downgraded, Moderna upgraded: Wall Street’s top analyst calls