Citi raised the firm’s price target on Texas Roadhouse to $178 from $162 and keeps a Buy rating on the shares ahead of the Q1 report. The analyst believes the company’s sales momentum continues to meet expectations. Texas Roadhouse’s sales and margins stand to benefit from a more experienced workforce given high volume/peak demand turnover while continued risks from elevated beef prices are well understood, As previously reported,
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Read More on TXRH:
- Texas Roadhouse price target raised to $136 from $120 at Jefferies
- Texas Roadhouse price target raised to $145 from $135 at Morgan Stanley
- Texas Roadhouse resumed with an Equal Weight at Stephens
- Texas Roadhouse initiated with a Hold at Benchmark
- Texas Roadhouse price target raised to $170 from $160 at Wedbush