$TXRH

5 stories mentioning TXRHUpdated 39d ago

Every FINWIRES story that references TXRH, newest first.

Texas Roadhouse's Traffic Growth 'Durable,' RBC Says

Texas Roadhouse's (TXRH) traffic growth is "durable" and has shown no signs of impact from the conflict in the Middle East, RBC Capital Markets analysts said in a Friday note.Analysts said that the company may benefit from more favorable beef prices, driving an upside to investor margin expectations.RBC said that the company's traffic growth has the potential for further upside, driven by market share gains from retail and steakhouse competitors.The analysts said that their key takeaways from a meeting with Texas Roadhouse were that the company's "solid" labor productivity gains will likely continue, and that the commodity guidance is not "conservative."RBC upgraded the stock's rating to outperform from sector perform, and raised its price target to $210 from $180.Price: $179.43, Change: $+2.37, Percent Change: +1.34%

$TXRH

Research39d ago

RBC Upgrades Texas Roadhouse to Outperform From Sector Perform, Raises Price Target to $210 From $180

Texas Roadhouse (TXRH) has an average rating of overweight and mean price target of $195.80, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$TXRH

Wire46d ago

Update: Texas Roadhouse Shares Rise After Fiscal Q1 Earnings, Revenue Increase

(Updates with the latest stock move in the headline and the first paragraph.)Texas Roadhouse (TXRH) shares were up 14% in Friday trading after the company posted higher Q1 earnings and revenue, and maintained its quarterly dividend late Thursday.The company reported quarterly earnings of $1.87 per diluted share, up from $1.70 a year earlier.Analysts polled by FactSet expected $1.80.Revenue for the 13 weeks ended March 31 was $1.63 billion, up from $1.45 billion a year earlier.Analysts surveyed by FactSet expected $1.64 billion.The company maintained its quarterly dividend at $0.75 per share, payable June 30 to stockholders of record June 2.Price: $179.81, Change: $+21.88, Percent Change: +13.85%

$TXRH

Wire60d ago

BofA Adjusts Price Target on Texas Roadhouse to $225 From $216

Texas Roadhouse (TXRH) has an average rating of overweight and mean price target of $194.72, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $160.38, Change: $-0.06, Percent Change: -0.04%

$TXRH

Wire62d ago

Texas Roadhouse Q1 Sales May Beat Views, But High Beef Prices Cloud Outlook, RBC Says

Texas Roadhouse (TXRH) is expected to post "slight upside" to Q1 same-store sales estimates, but elevated retail beef prices and limited visibility on margin improvement keep the risk/reward balanced, RBC Capital Markets said in a note Tuesday.The brokerage forecasts same-store sales growth of 8%, above the 7.2% consensus, supported by strong underlying demand and a potential traffic boost from high retail beef prices. However, RBC said it expects margins to miss expectations, modeling earnings below consensus due to continued pressure from elevated beef prices.Investor sentiment is "slightly negative" as feeder cattle inflation remains high and continues to weigh on profitability, with "little indication" of near-term supply improvement, according to the note. The brokerage noted that herd rebuilding can take up to 18 months to boost supply and ease pricing pressures, adding that it expects no improvement in beef supply in the Q1 report.RBC has a sector perform rating on Texas Roadhouse and lowered its price target to $175 from $195.Price: $159.42, Change: $-1.63, Percent Change: -1.01%

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