TXRH - Texas Roadhouse: First Quarter Outperformance Consistent With Strong Long-Term Outlook
- F1Q2022 revenues of ~$987 million were ~$13 million above analyst projections.
- Earnings Per Share of $1.08 came in ahead of consensus estimates by $0.17.
- With a view to protect margins, the firm increased menu prices by 3.2%.
- We’re maintaining our 1-year Price Target of $129/share for TXRH. Reiterate Buy Rating.
For further details see:
Texas Roadhouse: First Quarter Outperformance Consistent With Strong Long-Term Outlook