Texas Roadhouse Analysts Raise Their Forecasts Following Q4 Results
Portfolio Pulse from Avi Kapoor
Texas Roadhouse (NASDAQ:TXRH) reported Q4 earnings of $1.08 per share, surpassing estimates of $1.06. Sales matched expectations at $1.16 billion. The company highlighted a year of double-digit same store sales growth and a record number of new openings. FY24 capital expenditures are projected between $340 million to $350 million. Shares rose 1.2% to $133.89. Analysts from Wedbush and Stephens & Co. raised their price targets for TXRH following these results.
February 16, 2024 | 12:50 pm
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Texas Roadhouse reported higher than expected Q4 earnings, with shares increasing 1.2% following the announcement. Analysts have raised their price targets.
The positive earnings report and subsequent analyst upgrades indicate a strong performance and positive outlook for Texas Roadhouse, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100