Truist Financial Issues Pessimistic Forecast for Texas Roadhouse (NASDAQ:TXRH) Stock Price

Analysts lower price target but maintain 'hold' rating on restaurant operator's shares

Published on Mar. 1, 2026

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Investment firm Truist Financial has reduced its price target on Texas Roadhouse (NASDAQ:TXRH) stock from $188.00 to $186.00, while maintaining a 'hold' rating on the restaurant operator's shares. This comes as several other analysts have also weighed in on the company, with some raising their price targets but others downgrading the stock.

Why it matters

Texas Roadhouse is a major player in the casual dining restaurant industry, and changes to analyst forecasts and ratings can impact investor sentiment and the company's stock price. This news provides insight into how Wall Street views the company's near-term prospects.

The details

In a note to investors, Truist Financial cited the company's recent fourth-quarter earnings results, which missed consensus estimates, as a factor behind the lower price target. However, the firm maintained its 'hold' rating, suggesting it still sees potential upside but is cautious about the stock's short-term performance. Other analysts have taken a more bullish stance, with Mizuho lifting its price target to $200.00 and giving the stock an 'outperform' rating.

  • On Friday, Truist Financial issued its updated research report on Texas Roadhouse.
  • In January, Morgan Stanley boosted its price target on the stock to $208.00.

The players

Truist Financial

An American bank holding company and financial services firm that provides commercial banking, consumer banking, and wealth management services.

Texas Roadhouse

A publicly traded casual dining restaurant chain specializing in steaks, ribs, and other American fare.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

This report highlights the mixed sentiment among analysts regarding Texas Roadhouse's near-term prospects, with some maintaining a cautious outlook while others see more upside potential. Investors will likely be closely watching the company's future financial performance and any further changes to analyst forecasts.