BUZZ - Texas Roadhouse shares rise after Evercore ISI upgrades stock rating to "outperform"

路透社2026/10/05 12:31

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October 5th - Shares of the restaurant chain Texas Roadhouse (ticker: TXRH.O) rose 1.2% in pre-market trading to $158.01 after Evercore ISI upgraded the stock from "in line" to "outperform." The brokerage lowered its target price from $220 to $200, which still represents a 28% upside from the stock's previous closing price of $156.14. Evercore stated that the comprehensive deployment of digital kitchen systems gives the restaurant greater confidence to manage peak-time demand, which will drive further growth in its takeout business and allow the company to test new menu items after years of limited innovation. The brokerage added that Texas Roadhouse’s pricing strategy is to keep prices below the inflation rate while continuing to focus on service, value, and execution, which should help maintain strong same-store sales growth. Of the 28 brokers covering the stock, 16 have a "buy" or higher rating, while 12 have a "hold" rating; the median target price is $211, according to LSEG compiled data. As of yesterday’s close, the stock is down about 6% year-to-date. (For the convenience of non-English speakers, Reuters has automated the translation of this report into several other languages. Because automated translation may be inaccurate or lack necessary context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for readers' convenience. Reuters assumes no responsibility for any harm or loss resulting from the use of the automated translation function.)

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