Texas Roadhouse price target lowered to $172 from $185 at Stifel

Stifel analyst Chris O’Cull lowered the firm’s price target on Texas Roadhouse (TXRH) to $172 from $185 and keeps a Hold rating on the shares. The company reiterated most of its FY25 guidance, raising its commodity inflation outlook to 3-4% from 2-3% because cattle supplies are expected to be tighter, notes the analyst, who believes the current valuation fairly balances the risk/reward.