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Macro Finance

After Hoax Sparks 20% Plunge, Texas Roadhouse Analysts Say Buy

Bloomberg Markets·October 7, 2026·1 min read

Texas Roadhouse shares plunged 20% after a viral social media hoax falsely claimed discrimination was rampant at the chain. Despite the drop, analysts are recommending buying the stock, viewing the decline as an overreaction to misinformation. The hoax has been debunked, but the company's stock has yet to fully recover from the selloff.

Read at Bloomberg Markets
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