Texas Roadhouse price target lowered to $180 from $200 at RBC Capital

RBC Capital lowered the firm’s price target on Texas Roadhouse (TXRH) to $180 from $200 and keeps a Sell rating on the shares. The company’s Q4 report was mixed – Q4 revenue and profitability were both better-than-expected, but less positively, year-to-date performance has faced weather and holiday timing headwinds and February’s implied traffic was negative, the analyst tells investors in a research note. Higher commodity inflation, ongoing wage inflation, and less price increases y/y likely bring Street 2025 restaurant margin estimates lower, the firm adds.