Texas Roadhouse price target raised to $152 from $137 at Truist

Truist raised the firm’s price target on Texas Roadhouse to $152 from $137 and keeps a Buy rating on the shares. The company reported an “impressive” same-store-sales and traffic momentum that carried over into FY24, the analyst tells investors in a research note. The firm is also increasing FY24 and FY25 EPS estimates by 32c to $5.78 and by 34c to $6.41 respectively, driven by sales leverage, though it is less positive on lowered FY24 commodity guidance, Truist added.