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Fly News Breaks for August 30, 2017
TXRH
Aug 30, 2017 | 07:56 EDT
Baird analyst David Tarantino said the recent weakness in Texas Roadhouse shares is at least partially related to investor anxiety about the negative impact on sales/profitability due to Hurricane Harvey. The analyst said he would use the recent weakness as a buying opportunity, given the company's low exposure to the trade areas impacted by the storm and any impact from lost sales could be made up by surrounding areas and post-storm activity. Tarantino reiterated his Outperform rating and $56 price target on Texas Roadhouse shares.
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