Truist raised the firm’s price target on Texas Roadhouse (TXRH) to $212 from $201 and keeps a Buy rating on the shares. The firm’s Store Opening Tracker for Q2 is showing a likely miss on company store openings, though Truist sees the strong pipeline at Bubba’s gives the firm confidence that it will meet or exceed guidance of 7 openings – up from 4 in FY24 – and provide increasing contribution to Texas Roadhouse development, the analyst tells investors in a research note.
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:
- MCD vs. TXRH vs. CAVA: Which Restaurant Stock Has the Highest Upside Potential?
- Texas Roadhouse CFO departure ‘disappointing,’ says Barclays
- Stephens says Texas Roadhouse appointment of interim CFO adds stability
- Texas Roadhouse announces departure of CFO
- Texas Roadhouse price target raised to $220 from $200 at UBS