Texas Roadhouse price target lowered to $115 from $120 at BTIG

BTIG lowered the firm’s price target on Texas Roadhouse to $115 from $120 and keeps a Buy rating on the shares. The company’s Q3 results were “mixed” as outsized same-store sales growth was more than offset by restaurant margin weakness, leading to a sizable earnings miss, the analyst tells investors in a research note. The firm adds however that investors are likely looking past the earnings miss, as the weaker margin was due to some largely isolated items that should not repeat.