Stock Track | Texas Roadhouse Soars 9.69% in Pre-market as BofA Raises Price Target and FY26 Estimates

Stock Track

05/08

Texas Roadhouse's stock surged 9.69% in pre-market trading on Friday, showing significant investor optimism ahead of the regular session.

The sharp upward movement appears to be driven by positive analyst action from BofA, which raised its price target on Texas Roadhouse to $234 from $225 while maintaining a Buy rating on the shares. The firm also raised its estimates for the company's fiscal year 2026 performance, signaling increased confidence in the restaurant chain's financial outlook.

While other analysts provided mixed assessments with both price target increases and decreases, BofA's substantial target boost and upgraded FY26 estimates provided the most compelling catalyst for the pre-market rally.

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