Baird raised the firm’s price target on Texas Roadhouse (TXRH) to $205 from $190 and keeps an Outperform rating on the shares. The firm said the Q3 report generally was encouraging, with the company delivering solid underlying earnings performance and indicating a strong start to Q4 with comps running +8.3% on traffic up 5%+, prompting another increase to 2024-2025 EPS estimates.
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Read More on TXRH:
- Texas Roadhouse price target raised to $205 from $200 at Morgan Stanley
- Texas Roadhouse price target raised to $20 from $5 at Baird190
- Texas Roadhouse price target raised to $175 from $160 at Barclays
- Texas Roadhouse price target raised to $210 from $200 at UBS
- Texas Roadhouse price target raised to $186 from $176 at Stephens