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KeyCorp downgraded Texas Roadhouse Inc (NASDAQ:TXRH) to Overweight in a statement released today.

KeyCorp has downgraded Texas Roadhouse Inc (NASDAQ:TXRH) to Overweight in a report released on 9/29/2016.

Just yesterday Texas Roadhouse Inc (NASDAQ:TXRH) traded -1.53% lower at $39.94. Texas Roadhouse Inc’s 50-day moving average is $44.12 and its 200-day moving average is $44.37. The last stock price is down -11.35% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 434,320 shares of TXRH traded hands, down from an average trading volume of 950,672

Recent Performance Chart

Texas Roadhouse Inc (NASDAQ:TXRH)

Texas Roadhouse Inc has 52 week low of $33.06 and a 52 week high of $49.00 with a PE ratio of 24.74 and has a market capitalization of $0.

In addition to KeyCorp reporting its stock price target, a total of 17 brokerages have issued a ratings update on the company. The average stock price target is $42.12 with 2 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 13 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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 hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, 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's entrees include over two made-from-scratch side items and it offers all its guests a free unlimited supply of roasted in-shell peanuts and fresh baked yeast rolls. The Company owns approximately 400 company restaurants and over 80 franchise restaurants in approximately 50 states and over four foreign countries. Of the over 400 restaurants the Company operates approximately 392 as Texas Roadhouse and operates over seven as Bubba's 33 restaurants. In addition, the Company operates over two restaurants outside of the casual dining segment.

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