Jefferies sees an attractive entry point on Texas Roadhouse (TXRH:NASDAQ)

Texas Roadhouse (TXRH) shares rose 2% premarket after Jefferies upgraded the stock to Buy, citing an overdone pullback and raising the price target to $190. The firm highlighted the company's strong operational execution, positive foot traffic trends, and potential margin expansion from lower beef costs. Jefferies expects Texas Roadhouse to maintain high revenue and EBITDA growth in 2027, driven by unit growth and expanding margins.

Jefferies upgraded Texas Roadhouse (TXRH) to Buy, raising its price target to $190. The firm cited the stock's pullback and undervaluation, expecting sustained growth and easing beef inflation to boost EBITDA. TXRH shares are down 4% YTD, trading at $162.18. Other analysts have also adjusted their ratings and targets for the company.

StoneX upgraded Texas Roadhouse to Buy with a $200 price target, implying a 25.8% upside from the Oct 5 close. The firm expects traffic decline to be temporary and highlights strong growth potential.

StoneX upgraded Texas Roadhouse to Buy from Hold, setting a $200 price target. The analyst cites the company's leadership in casual dining and compelling risk/reward after a share pullback. Texas Roadhouse is seen as a high-quality operator that can widen its competitive advantage during economic stress.

Evercore ISI upgraded Texas Roadhouse (TXRH) to 'Outperform' from 'In Line,' citing a recent 25% share price drop as a buying opportunity. The firm cut its price target to $200 from $220, suggesting 27.6% upside from the last close.

Evercore ISI upgraded Texas Roadhouse (TXRH) to Outperform with a $200 price target, citing a 25% stock pullback and oversold conditions. The firm expects mid-teens earnings growth and a return to traffic growth above 2%. TXRH reported Q2 2026 revenue of $1.74B, beating estimates, with 6.2% same-store sales growth. Analysts have mixed ratings and price targets for the stock.