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Fly News Breaks for February 24, 2020
TXRH
Feb 24, 2020 | 08:52 EDT
Loop Capital analyst Lynne Collier raised her price target on Texas Roadhouse to $66 after its "strong" Q4 earnings and updates on its quarter-to-date comps seen at a 6.4% increase. The analyst is positive on the company's ability to manage its margins, with its incremental pricing changes in March bringing 2020 price increase to about 3%, but also keeps her Hold rating on the stock due to its premium valuation, worsening labor pressure, and extended commodity inflation.
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