Truist raised the firm’s price target on Texas Roadhouse (TXRH) to $212 from $201 and keeps a Buy rating on the shares. The firm’s Store Opening Tracker for Q2 is showing a likely miss on company store openings, though Truist sees the strong pipeline at Bubba’s gives the firm confidence that it will meet or exceed guidance of 7 openings – up from 4 in FY24 – and provide increasing contribution to Texas Roadhouse development, the analyst tells investors in a research note.
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