Texas Roadhouse Dips After New Wall Street Boost, Investors Eye Next Moves
Texas Roadhouse shares slipped 0.3% to $180.90 Thursday, despite TD Cowen raising its price target to $205. The company maintained its forecast for 6% to 7% commodity inflation this year, citing high beef and labor costs. First-quarter revenue rose 12.8% to $1.63 billion, with same-store sales up 7.1%.
