UBS analyst Dennis Geiger raised the firm’s price target on Texas Roadhouse to $185 from $155 and keeps a Buy rating on the shares. The company’s “strong” Q1 sales and margins highlight its “uniquely positioned brand offering upside,” the analyst tells investors in a research note. The firm says Texas Roadhouse’s traffic momentum, greater confidence in the potential to return to 17%-18% historical margins, and stronger multi-year earnings power support further upside to shares.
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