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Fly News Breaks for February 21, 2020
TXRH
Feb 21, 2020 | 09:06 EDT
BMO Capital analyst Andrew Strelzik raised his price target on Texas Roadhouse to $55 after its Q4 earnings beat, with strong restaurant margins and favorable G&A. The analyst expects solid margin performance and comp momentum to continue through the first half of 2020 but warns about slowing traffic and waning labor efficiencies in the second half of the year, keeping his Underperform rating on the shares.
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