RBC Capital lowered the firm’s price target on Texas Roadhouse (TXRH) to $175 from $185 and keeps a Sector Perform rating on the shares. The company’s Q3 print was mixed as consumer demand remains strong but beef inflation continues to be higher-than-expected, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TXRH:
- Texas Roadhouse price target lowered to $155 from $170 at BMO Capital
- Texas Roadhouse price target lowered to $228 from $239 at BofA
- Texas Roadhouse price target lowered to $168 from $175 at Stephens
- Texas Roadhouse price target lowered to $170 from $187 at Barclays
- Texas Roadhouse: Strong Sales Growth and Strategic Expansion Signal Long-Term Investment Opportunity