2020-10-12 07:35:54 TXRH Texas Roadhouse
10/12/20 10/1207:35 10/12/2007:35 | Texas Roadhouse price target raised to $80 from $67.50 at Raymond JamesRaymond James analyst Brian Vaccaro raised the firm's price target on Texas Roadhouse to $80 from $67.50 and keeps a Strong Buy rating on the shares. He has raised his Q3 and 2020/21 estimates ahead of the company's Q3 earnings release, noted Vaccaro, who projects post-COVID underlying 2022 EPS power in the $3.00+ range for Texas Roadhouse. Given the company's long historical track record of positive traffic, and reduced competition in a post-COVID world due to closures, he doesn't "think it's a stretch" to envision post-COVID average unit volumes that exceed 2019 levels for Texas Roadhouse, perhaps by 2022, Vaccaro added. |
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