BUZZ - Texas Roadhouse shares rise after Evercore ISI upgrades stock rating to "outperform"
路透社2026/10/05 12:31October 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.)
October 5 - ** The restaurant chain Texas Roadhouse (stock code: TXRH.O) saw its share price rise 1.2% in pre-market trading to $158.01 after Evercore ISI upgraded the stock rating from "In-line" to "Outperform"
** The brokerage lowered its price target from $220 to $200, which still represents a 28% upside from the previous trading day's closing price of $156.14
** Evercore stated that the comprehensive deployment of digital kitchen systems gives restaurants more confidence in handling peak period demand, which will drive further growth in the takeout business and allow the company to test new menu items after years of lackluster innovation
** The brokerage added that Roadhouse's pricing strategy is to keep prices below inflation levels while continuing to focus on service, value, and execution, which should help maintain strong same-store sales growth
** Of 28 brokers, 16 have rated the stock "Buy" or higher, and 12 have rated it "Hold"; the median target price is $211—LSEG compiled data
** As of yesterday's close, the stock is down about 6% year-to-date
(To assist non-native English speakers, Reuters has automated its reporting translation into several other languages. Because automated translation may contain errors or lack needed context, Reuters does not guarantee the accuracy of automated translation text and provides it solely for readers' convenience. Reuters assumes no liability for any damage or loss caused by use of the automated translation feature.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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