Baird raised the firm’s price target on Texas Roadhouse to $144 from $122 and keeps a Neutral rating on the shares. The firm previewed its quarter and are becoming increasingly confident that ongoing same-store traffic gains can support good profitability trends in 2024 and strengthen optimism about the potential for the company to show strong earnings power whenever the beef cost cycle normalizes.
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Read More on TXRH:
- Texas Roadhouse price target raised to $145 from $115 at BTIG
- Texas Roadhouse price target raised to $146 from $123 at BofA
- Texas Roadhouse, Inc. to Announce Fourth Quarter Earnings on February 15, 2024
- JPMorgan downgrades Bloomin and Cheesecake Factory, upgrades Texas Roadhouse
- Texas Roadhouse upgraded to Neutral from Underweight at JPMorgan
