BTIG raised the firm’s price target on Texas Roadhouse to $145 from $115 and keeps a Buy rating on the shares. The firm is citing its confidence in the company’s sales momentum, potential margin expansion if beef prices remain at current levels, while also rolling forward its valuation model to 2025 estimates, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TXRH:
- 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
- Texas Roadhouse price target raised to $137 from $130 at Truist
