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BidaskClub downgraded Texas Roadhouse Inc (NASDAQ:TXRH) to Buy in a report released today.

Yesterday Texas Roadhouse Inc (NASDAQ:TXRH) traded 0.06% higher at $49.32. The company’s 50-day moving average is $48.00 and its 200-day moving average is $47.67. The last closing price is up 0.95% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 529,200 shares of the stock traded hands, down from an average trading volume of 607,984

BidaskClub has downgraded Texas Roadhouse Inc (NASDAQ:TXRH) to Buy in a report released on 6/17/2017.

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Texas Roadhouse Inc (NASDAQ:TXRH)

Texas Roadhouse Inc has a 52 week low of $37.23 and a 52 week high of $51.91 with a P/E ratio of 28.97 The company’s market cap is currently $0.

In addition to BidaskClub reporting its stock price target, a total of 17 brokers have issued a research note on the company. The average stock price target is $42.12 with 2 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 13 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Texas Roadhouse Inc (NASDAQ:TXRH)

Texas Roadhouse, Inc. is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes. The Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches. The Company offers an assortment of wings, sandwiches, pizzas and burgers, including its bacon grind patty. In addition, the Company also offers its guests a selection of chicken, beef, fish and seafood. Other menu items include specialty appetizers, such as the Cactus Blossom and Rattlesnake Bites. As of December 27, 2016, the Company had 23 franchisees that operated 86 Texas Roadhouse restaurants in 23 states and six foreign countries.

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