Wedbush raised the firm’s price target on Texas Roadhouse to $130 from $120 and keeps an Outperform rating on the shares. The firm came away from its call with CFO Chris Monroe and Sr. Director of IR and Financial Analysis Michael Bailen incrementally more confident that drivers exist for sustained transaction growth in line-to-above current consensus expectations and that margin upside is also possible, driven particularly by OtherOpEx.
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