Texas Roadhouse price target raised to $200 from $195 at Evercore ISI

Evercore ISI analyst David Palmer raised the firm’s price target on Texas Roadhouse to $200 from $195 and keeps an Outperform rating on the shares. If there is a story of the third quarter in restaurants, it is that “best-in-class marketing works,” as inherent value winners continued to win this summer and “the list of high-low winners continues to grow,” the analyst tells investors in a research note.the analyst tells investors in a group preview ahead of earnings season. The firm, which notes that it recently adjusted Q3 sales forecasts for many restaurant names, is now making EPS adjustments and some tweaks to same-store sales growth estimates.