7/104 sources · 3 publishersUpdated Oct 14, 14:06 UTC
Jefferies upgrades Texas Roadhouse to Buy with $190 price target
Jefferies raised its rating on Texas Roadhouse from Hold to Buy and lifted the price target to $190, up from $186. The firm said the stock’s recent pullback creates an appealing entry point. It expects the company to keep strong same‑store sales and improve margins as beef costs ease. The upgrade prompted a 2% pre‑market rise in the shares.
Why it matters
The higher rating and target may attract buying interest and support the stock price, according to Jefferies. The firm also projects continued revenue and EBITDA expansion into 2027, which could boost future earnings.
Key facts
- 1Jefferies changed its rating on Texas Roadhouse to Buy from Hold. investing.com
- 2The analyst firm set a new price target of $190, up from $186. investing.com
- 3Texas Roadhouse was trading at $162.18 at the time of the report. investing.com
- 4Shares rose about 2% in pre‑market trading after the upgrade. investing.com
- 5Jefferies expects the company to sustain high revenue and EBITDA growth in 2027, aided by unit expansion and lower beef costs. investing.com
- 6The stock was down 4% year‑to‑date compared with peers that gained 50%. investing.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.