Is the Options Market Predicting a Spike in Texas Roadhouse Stock?

Core Viewpoint - Investors in Texas Roadhouse, Inc. should closely monitor stock movements due to significant implied volatility in the options market, particularly the Feb 20, 2026 $130 Put option [1] Company Analysis - Texas Roadhouse currently holds a Zacks Rank 3 (Hold) in the Retail – Restaurants industry, which is positioned in the Bottom 24% of the Zacks Industry Rank [3] - Over the past 30 days, one analyst has raised the earnings estimate for the current quarter, while three analysts have lowered their estimates, resulting in a decrease of the Zacks Consensus Estimate from $1.57 per share to $1.53 [3] Options Market Insights - The high implied volatility suggests that options traders are anticipating a significant price movement for Texas Roadhouse shares, indicating potential upcoming events that could lead to a major rally or sell-off [2][4] - Seasoned options traders often seek high implied volatility options to sell premium, aiming for the underlying stock to not move as much as initially expected by expiration [4]