Wedbush raised the firm’s price target on Texas Roadhouse (TXRH) to $210 from $200 and keeps an Outperform rating on the shares. The firm says that its checks point to a March acceleration to mid-single digit same-store sales growth. While Wedbush sees little risk to 3%-4% commodity inflation and 4%-5% labor inflation guidance, it bakes in commodity inflation above the midpoint of guidance. Wedbush views Texas Roadhouse as the primary transaction share gainer within the casual dining category for the foreseeable future.
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Read More on TXRH:
- Texas Roadhouse management to meet virtually with Benchmark
- Texas Roadhouse price target lowered to $184 from $185 at JPMorgan
- Texas Roadhouse price target lowered to $200 from $205 at Guggenheim
- Texas Roadhouse Reports Record Growth Amid Inflation Concerns
- Texas Roadhouse price target lowered to $180 from $186 at Stephens
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