RBC Capital raised the firm’s price target on Texas Roadhouse (TXRH) to $185 from $180 and keeps a Sector Perform rating on the shares. The company’s Q1 earnings were encouraging as traffic accelerated in both March and into the first five weeks of Q2, which likely assuages any macro-related fears, the analyst tells investors in a research note. RBC adds however that it continues to expect margin pressure y/y on elevated commodity inflation and pricing.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
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 $175 from $179 at Barclays
- Texas Roadhouse Reports Steady Growth in Q1 2025
- Texas Roadhouse: Hold Rating Amid Inflationary Pressures and Balanced Risk-Reward Outlook
- Closing Bell Movers: Pinterest jumps 15%, Toast up 7% after earnings
- Texas Roadhouse Approves Quarterly Cash Dividend