Truist analyst Jake Bartlett lowered the firm’s price target on Texas Roadhouse (TXRH) to $186 from $188 and keeps a Hold rating on the shares. The company’s very strong Q1-to-date SSS gives the firm confidence in Texas Roadhouse’s strong positioning in the current environment, even following a weather-driven Q4 miss, the analyst tells investors in a research note. Texas Roadhouse also announced a more aggressive menu price increase in April, which will support margins, the firm adds.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TXRH:
- Morning Movers: Opendoor and RingCentral climb after Q4 reports
- Texas Roadhouse: Temporary Earnings Pressure Creates Attractive Entry Ahead of 2027 Margin Rebound
- Texas Roadhouse price target lowered to $184 from $190 at Citi
- Texas Roadhouse price target raised to $180 from $168 at Stephens
- Texas Roadhouse price target raised to $188 from $185 at Barclays