Jim Cramer Notes Oil Is Behind Pressure on Casey’s (CASY) and Texas Roadhouse (TXRH)

Analysts from Wells Fargo and others updated ratings on thredUP (TDUP), Texas Roadhouse (TXRH), and Nike (NKE). thredUP received a Buy rating with a $3.00 target, Texas Roadhouse a Buy with a $220.00 target, and Nike a Hold with a $34.00 target. Consensus ratings and targets vary for each company, with thredUP showing the highest upside potential.

Texas Roadhouse reported 3Q 2026 revenue of $1.57B, up 9.5% YoY, and net income of $89.36M, up 7.4%. EPS rose 8.8% to $1.36. Comparable sales increased 4.3%, driven by higher traffic and per-person average check. Restaurant margins improved, but higher expenses partly offset gains. The company expects 5.0% to 6.0% store week growth in 2026-2027.

Texas Roadhouse (NASDAQ: TXRH) reported Q3 earnings, noting improved comparable sales and stable guest ordering behavior despite a 1% menu price increase. Restaurant margins rose to 14.6% of sales, with food and beverage costs at 35.5%. The company maintained its 2026 commodity inflation forecast at 5% and projected 3% wage inflation for 2027. Texas Roadhouse plans to open 35 locations in 2026 and 2027, with capital expenditures raised to $440 million for 2026.

BTIG maintained a Buy rating and $220 price target on Texas Roadhouse (TXRH) after its Q3 results, citing sales recovery despite a viral hoax impact. TXRH reported Q3 revenue of $1.57B, missing estimates, but showed 9.5% revenue growth and 4.3% same-store sales growth. BTIG expects mid-single-digit same-store sales in 2027. BMO Capital lowered its price target to $190, citing margin pressures.

BMO Capital reduced its price target for Texas Roadhouse (NASDAQ:TXRH) to $190, citing a Q3 2026 earnings miss of $1.36 per share, below estimates. The miss was driven by weaker comparable sales, labor costs, and higher expenses. The company's gross profit margin is 16.25%, and it trades at a P/E ratio of 31.07. Texas Roadhouse reported 9.5% revenue growth and a 4.3% increase in same-store sales, with continued expansion and menu additions.

Texas Roadhouse (TXRH) reported Q3 2026 revenue growth of 9.5%, with comparable sales up 4.3%. The company opened 5 new locations and expects to open 35 in 2026. International expansion continues with 3 Q3 openings and plans for 10 in 2027. Commodity inflation is guided at 5% for 2026 and 4% for 2027, while labor inflation is guided at 3.5-4% for 2026 and 3% for 2027. Capital expenditure guidance was updated to $440M for 2026 and $425M for 2027.