Texas Roadhouse price target raised to $188 from $180 at Stifel

Stifel analyst Chris O’Cull raised the firm’s price target on Texas Roadhouse (TXRH) to $188 from $180 and keeps a Hold rating on the shares ahead of the company reporting earnings after market close on August 7. The firm, which believes trends have improved since the company disclosed comps were up 5% during the first five weeks of Q2, has raised its Q2 same-store sales growth projection to 6% from 5%, the analyst tells investors in a preview. Based on its expectation for a comp beat, the firm raised its Q2 EPS projection to $1.93, versus the Street at $1.90, the analyst noted.