Texas Roadhouse price target raised to $136 from $120 at Jefferies

Jefferies analyst Andy Barish raised the firm’s price target on Texas Roadhouse (TXRH) to $136 from $120 and keeps a Hold rating on the shares. For companies reporting Q1 earnings through the week of April 29, recent industry data has remained “somewhat choppy,” the analyst tells investors. In a preview for the U.S. restaurant group, the analyst added that the firm sees opportunity for “modest upside” at Bloomin’ Brands (BLMN), BJ’s Restaurants (BJRI), Domino’s Pizza (DPZ) and McDonald’s (MCD), while calling out Starbucks (SBUX), where the firm sees risk relative to Street expectations.