Shares of Texas Roadhouse (TXRH) plummeted 5.53% in pre-market trading on Friday, following the release of its second-quarter earnings report that fell short of analysts' expectations. The restaurant chain, known for its steaks and casual dining experience, reported adjusted earnings per share (EPS) of $1.86 for the quarter ended June 30, missing the consensus estimate of $1.91.

While Texas Roadhouse's revenue rose 12.7% to $1.51 billion, slightly above the expected $1.50 billion, the earnings miss appears to have disappointed investors. This marks the company's third earnings miss in the last four quarters, potentially raising concerns about its ability to meet market expectations in a challenging economic environment.

Despite the negative reaction, several analysts have maintained a positive outlook on the stock. Deutsche Bank raised its price target to $211 from $209, while maintaining a Buy rating. Similarly, BMO Capital Markets increased its target price to $170 from $165. However, Truist Securities slightly lowered its target to $210 from $212, and Wells Fargo kept a Hold rating with a $175 price target.