Texas Roadhouse price target raised to $190 from $184 at Stephens

Stephens raised the firm’s price target on Texas Roadhouse (TXRH) to $190 from $184 and keeps an Equal Weight rating on the shares. Q2 comps and revenue came in modestly ahead of expectations, while adjusted EPS came in slightly below expectations amid ongoing cost pressures, the analyst noted. However, guests remain engaged with the brand and Texas Roadhouse “continues to distinguish itself from full-service dining peers,” adds the analyst, who sees near-term margin pressure and an already premium valuation creating a balanced risk/reward setup.