Texas Roadhouse (TXRH) stock is soaring 5.12% in pre-market trading on Friday, as several prominent Wall Street analysts have raised their price targets for the restaurant chain. This surge of positive sentiment from financial institutions appears to be fueling investor enthusiasm and driving the stock's significant upward movement.

Among the notable upgrades, RBC Capital raised its price target on Texas Roadhouse to $185 from $180, while maintaining a Sector Perform rating. Wells Fargo increased its target to $175 from $170, and Stifel boosted its projection to $180 from $170. Deutsche Bank made the most bullish adjustment, raising its target price to $191 from $181. These revisions suggest growing confidence in Texas Roadhouse's business prospects and potential for future growth.

However, it's worth noting that not all adjustments were positive. Barclays slightly lowered its target price to $175 from $179, and Truist Securities made a minor downward adjustment to $201 from $205 while maintaining a Buy rating. Despite these minor setbacks, the overall analyst sentiment remains largely positive, with FactSet reporting that Texas Roadhouse has an average rating of overweight and a mean price target of $185.41. As the market digests these analyst updates, investors appear to be responding enthusiastically, as reflected in the stock's pre-market surge.