These Analysts Boost Their Forecasts On Texas Roadhouse Following Q1 Earnings
Portfolio Pulse from Avi Kapoor
Texas Roadhouse (NASDAQ:TXRH) exceeded Q1 GAAP EPS expectations, reporting $1.69 per share against estimates of $1.61. Sales were $1.321 billion, slightly below the expected $1.323 billion. The company's strong start to 2024 is attributed to continued traffic growth. Following the earnings report, several analysts raised their price targets on TXRH, with adjustments reflecting a positive outlook on the stock's performance.
May 03, 2024 | 5:02 pm
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Texas Roadhouse reported higher than expected Q1 earnings, leading to a positive reaction from analysts who raised their price targets.
The positive earnings report and subsequent analyst upgrades typically signal a bullish outlook for the stock. The adjustments in price targets by multiple reputable analysts suggest a consensus on the stock's growth potential, likely influencing investor sentiment positively in the short term.
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RELEVANCE 100