Texas Roadhouse (TXRH) PT Raised to $208 at Piper Sandler

Piper Sandler analyst Brian Mullan raised the price target on Texas Roadhouse (NASDAQ: TXRH) to $208.00 (from $192.00) while maintaining a Neutral rating.

The analyst commented: "This past week, TXRH reported its 2Q26 results and hosted its call. It was yet another excellent quarter for TXRH, who at this point have made exceptional operating performance look routine. Specifically, we note that 2Q26 SSS were +6.2%, which included traffic growth of +3.0%. With the release, management shared that 3QTD SSS were running +6.2% through the first five weeks, which compared favorably to the pre-print consensus of +5.5%. In addition to continuing to grow dining room sales, one incremental item that has been standing out of late pertains to its Off-Premise business; where To-Go sales per week were up ~15.0% year-over-year, for the second quarter in a row."

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