Evercore ISI upgrades Texas Roadhouse to Outperform and lowers price target to $200
Evercore ISI raised its rating on Texas Roadhouse (TXRH) to Outperform, reducing its price target from $220 to $200 after the stock fell about 25%. The firm sees the decline as a buying chance and expects traffic growth above 2% to drive earnings. Texas Roadhouse reported Q2 2026 revenue of $1.74 billion and same‑store sales growth of 6.2%. Evercore projects mid‑teens annual earnings growth from 2027 through 2030.
Why it matters
Evercore ISI expects the lower target and upgraded rating to support the share price, which currently trades near $156. The firm’s outlook suggests the stock may appreciate toward the $200 target if traffic growth improves.
Key facts
- 1Evercore ISI changed its rating on Texas Roadhouse to Outperform from In Line. investing.com
- 2The analyst lowered its price target to $200, down from $220. investing.com
- 3The rating change follows a roughly 25% decline in the stock price. investing.com
- 4Texas Roadhouse posted Q2 2026 revenue of $1.74 billion, beating the $1.68 billion consensus. investing.com
- 5Same‑store sales grew 6.2% in the quarter. investing.com
- 6Evercore expects traffic growth to return above 2% and forecasts mid‑teens average annual earnings growth from 2027 to 2030. investing.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.