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Texas Roadhouse (NASDAQ:TXRH) reported better-than-expected first-quarter GAAP EPS results on Thursday.
Texas Roadhouse posted GAAP earnings of $1.69 per share versus market estimates of $1.61 per share. The company's quarterly sales came in at $1.321 billion versus expectations of $1.323 billion, according to data from Benzinga Pro.
Jerry Morgan, Chief Executive Officer of Texas Roadhouse, Inc. commented, "We are off to a tremendous start in 2024 with strong traffic trends continuing to drive our sales growth. These results demonstrate the success of our operators' commitment to providing legendary food and service to each guest on every shift."
Texas Roadhouse shares rose 3.4% to trade at $163.25 on Friday.
These analysts made changes to their price targets on Texas Roadhouse following earnings announcement.
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Posted In: TXRH