Texas Roadhouse (TXRH) Can Touch $200, Says Jim Cramer

We recently published 9 Stocks Jim Cramer Talked About.  Texas Roadhouse, Inc. (NASDAQ:TXRH) is one of the stocks on Jim Cramer talked about.

Texas Roadhouse, Inc. (NASDAQ:TXRH) is a casual dining restaurant firm based in Kentucky. Wells Fargo upgraded the shares in December after bumping the rating to Overweight and setting a $195 share price target. The bank commented that it believes the recent dip in Texas Roadhouse, Inc. (NASDAQ:TXRH)’s share price is a good entry point as the restaurant struggles with high beef costs. The firm’s third quarter saw it report 7.9% in commodity inflation and led to a 6.1% jump in sales but a 168 basis point hit to its restaurant-level profit margin. Wells Fargo outlined that Texas Roadhouse, Inc. (NASDAQ:TXRH) could improve its performance in 2026 and added that the firm also appears to be gaining market share. Cramer discussed beef prices and praised the restaurant for keeping its prices the same despite the historic turmoil in the US beef market:

Photo by S O C I A L . C U T on Unsplash

“I’ve been in Texas Roadhouse, because I’m betting, that the President, who has started this already, take the tariffs off beef, okay, and that is going to, Texas Roadhouse has kept the price of its $11 steak, if anyone hasn’t had it. Go to Texas Roadhouse, get those sweet buns, David. Buy the $11 steak, they haven’t raised the price because they’re not hurting the consumer. When cattle comes down, which it will, $200.”

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Disclosure: None. This article is originally published at Insider Monkey.