Texas Roadhouse price target raised to $170 from $165 at BMO Capital

BMO Capital raised the firm’s price target on Texas Roadhouse (TXRH) to $170 from $165 and keeps a Market Perform rating on the shares. The company’s Q2 earnings missed consensus by $0.05, reflecting unfavorable restaurant margins, the analyst tells investors in a research note. The management also updated its 2025 guidance unfavorably for food inflation to 5% from 4% owing to beef and slightly favorable labor and tax rate. BMO noted.