Truist analyst Jake Bartlett raised the firm’s price target on Texas Roadhouse to $168 from $152 and keeps a Buy rating on the shares as part of a broader research note on Restaurants. The firm’s automated and manual web scrapes suggest that the company is beating estimates for Q1 store openings, the analyst tells investors in a research note. Truist further cites the company’s particularly strong positioning in the current macro environment as a factor in boosting its price target for the stock.
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