Texas Roadhouse price target cut 5.3% to $216 by BofA
Bank of America cut its 12-month price target for Texas Roadhouse from $228 to $216, marking a 5.3% decrease based on updated financial forecasts. The adjustment reduces implied upside and signals tempered growth expectations for the casual dining chain over the next year.
1. Analyst Price Target Revision
Bank of America lowered its 12-month price target for Texas Roadhouse from $228 to $216, reflecting a roughly 5.3% downward adjustment as analysts updated their financial forecasts.
2. Outlook and Stock Impact
The new target suggests limited upside relative to current trading levels, indicating the stock may be near fair value unless same-store sales and margin trends outperform expectations.
Related News
GOOG
OpenAI Eyes Fall IPO After Lawsuit Win, Battling $900B Anthropic Rival
GOOG•
NVDA
Nvidia Q2 Profit Jumps 200% with Revenue Up 85%
NVDA•
NVDA
Nvidia Tops $91B Sales Forecast, Boosts Dividend and Buyback Program
NVDA•
PERI
Perion Q1 Revenue Rises 1% as Outmax AI Spend Soars 300% and CTV Spend Jumps 68%
PERI•
PEP
PepsiCo to raise single-serve chip bag prices by 10–20 cents in June
PEP•
Sources
F