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Following robust Q2 performance, analysts boost their projections for Texas Roadhouse.

MarketRead the original at benzinga.com
Neutral

The company reported better-than-expected earnings and sales for Q2, leading to increased analyst price targets.

TXRH · Texas Roadhouse Inc

AI read · Neutral

The AI's read

TXRH beat Q2 estimates: $1.85 EPS vs $1.82 and $1.680B revenue vs $1.674B. Analysts raised price targets after the print. The market barely moved, down 0.16% since the release, while RSI is 83.93 and the stock sits near its 52-week high. Momentum looks stretched. The beat and upgraded targets are bullish on the surface. But limited upside to raised targets and hot technicals make us lean neutral until momentum cools.

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