Truist analyst Jake Bartlett raised the firm’s price target on Texas Roadhouse (TXRH) to $209 from $207 and keeps a Buy rating on the shares as part of a broader research note previewing next week’s ICR Conference. The recent data has been choppy, due to calendar shifts, but encouraging, with the Truist Card Data pointing to mostly inline or better than expected Q4 sales at participating covered companies, the analyst tells investors in a research note. For the company, the data show growth sustaining at October levels, when reported SSS were up 8.3%, and the firm is positive on its “particularly strong positioning in the current macro environment”, Truist added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TXRH:
- Texas Roadhouse downgraded to Hold at Gordon Haskett as risk/reward balanced
- Texas Roadhouse downgraded to Hold from Buy at Gordon Haskett
- Texas Roadhouse price target raised to $194 from $175 at Barclays
- Texas Roadhouse Updates Executive Employment Agreements
- Texas Roadhouse price target raised to $200 from $185 at RBC Capital