UBS lowered the firm’s price target on Texas Roadhouse (TXRH) to $210 from $220 and keeps a Buy rating on the shares. Texas Roadhouse likely maintained solid same-store sales and traffic momentum despite the difficult macro in Q3, while margins and earnings should be pressured due to elevated beef costs, the analyst tells investors in a research note.
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Read More on TXRH:
- Mizuho Securities Recommends Buy for Texas Roadhouse Due to Strong Growth Prospects and Strategic Initiatives
- Texas Roadhouse initiated with an Outperform at Mizuho
- Texas Roadhouse price target raised to $239 from $227 at BofA
- Texas Roadhouse price target lowered to $187 from $189 at Barclays
- Texas Roadhouse price target raised to $210 from $205 at Morgan Stanley