Citi raised the firm’s price target on Texas Roadhouse to $201 from $192 and keeps a Buy rating on the shares ahead of the Q3 report. The firm anticipates another quarter of relative sales outperformance and only modest sequential input cost inflation, translating into another quarter of earnings upside versus the Street. The industry appears to be “growing more bifurcated between share winners and losers,” with Texas Roadhouse “firmly in the former camp,” the analyst tells investors in a research note.
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