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Fly News Breaks for January 28, 2020
Jan 28, 2020 | 09:30 EDT
BTIG analyst Peter Saleh raised his price target on Texas Roadhouse to $73 to reflect the company's higher menu prices, moderating labor hours, and greater margin stability from its traffic gains. The analyst also keeps his Buy rating on the stock, noting that its positive guest counts and rising menu prices will drive earnings outperformance throughout the year.
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