BTIG raised the firm’s price target on Texas Roadhouse (TXRH) to $200 from $190 and keeps a Buy rating on the shares. The company’s Q3 SSS of 8.5% exceeded the firm’s estimate by 100bps, the analyst tells investors in a research note. BTIG is also positive on the company’s margin expansion amid moderating commodity costs and positive traffic growth.
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Read More on TXRH:
- Texas Roadhouse price target raised to $205 from $200 at Morgan Stanley
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