Truist raised the firm’s price target on Texas Roadhouse to $183 from $181 and keeps a Buy rating on the shares as part of a broader research note on Restaurants. The firm is adjusting its models based on its automated and manual web scrapes tracking store opening trends in Q2, noting that its analysis indicates that the company opened 6 net new locations in the quarter, in line with consensus, though it also cites the company’s “particularly strong positioning in the current macro environment”, the analyst tells investors in a research note.
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