Market Overview

UPDATE: Deutsche Bank Lifts PT to $20 on Texas Roadhouse; Q1 Beat

Share:

Deutsche Bank increases its price target from $17 to $20 on Hold-rated Texas Roadhouse (NASDAQ: TXRH) from $18 to $20 as the company posts above-expectations quarter.

Deutsche Bank comments, "TXRH posted another good quarter with revenue and margins ahead of expectations. Less food inflation, good flow thru on pricing, and better than expected sales leverage on labor are framing a better outlook for margins than previously thought. However, a fairly full valuation (~18x NTM P/E) keeps us at a Hold."

TXRH closed at $18.56 on Tuesday.

Posted-In: Deutsche BankAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

Related Articles (TXRH)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→