Guggenheim analyst Gregory Francfort lowered the firm’s price target on Texas Roadhouse (TXRH) to $200 from $205 and keeps a Buy rating on the shares. The firm, which is trimming 2025 and 2026 EPS estimates to $6.80 and $7.70, respectively, following earnings, notes that its forecasts are 2%-3% below consensus for both years as it thinks it is “impossible to ignore the challenged start to 2025 for the restaurant industry” and the modestly increased cost pressure on the steak basket.
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