Texas Roadhouse expects about 35 company-owned openings in 2027 as it raises 2026 capex to about $440M (NASDAQ: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.