UBS raised the firm’s price target on Texas Roadhouse (TXRH) to $220 from $200 and keeps a Buy rating on the shares. Recent meetings with management highlighted confidence in a return to traffic and sales strength, with margin pressures largely understood, and an opportunity for more share upside, the analyst tells investors in a research note.
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Read More on TXRH:
- Texas Roadhouse management to meet virtually with Loop Capital
- Texas Roadhouse Holds Annual Shareholders Meeting
- Texas Roadhouse, West Madison Foods announce partnership
- Texas Roadhouse: Strong Sales Amid Rising Costs and Margin Pressures Justify Hold Rating
- Texas Roadhouse: Earnings Call Highlights Growth Amid Challenges
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