Truist analyst Jake Bartlett raised the firm’s price target on Texas Roadhouse (TXRH) to $209 from $207 and keeps a Buy rating on the shares as part of a broader research note previewing next week’s ICR Conference. The recent data has been choppy, due to calendar shifts, but encouraging, with the Truist Card Data pointing to mostly inline or better than expected Q4 sales at participating covered companies, the analyst tells investors in a research note. For the company, the data show growth sustaining at October levels, when reported SSS were up 8.3%, and the firm is positive on its “particularly strong positioning in the current macro environment”, Truist added.
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Read More on TXRH:
- Texas Roadhouse downgraded to Hold at Gordon Haskett as risk/reward balanced
- Texas Roadhouse downgraded to Hold from Buy at Gordon Haskett
- Texas Roadhouse price target raised to $194 from $175 at Barclays
- Texas Roadhouse Updates Executive Employment Agreements
- Texas Roadhouse price target raised to $200 from $185 at RBC Capital
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
