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Texas Roadhouse Inc. (NASDAQ:TXRH) has been downgraded from Overweight to Sector Weight in a statement by KeyBanc Capital Markets today.

Yesterday Texas Roadhouse Inc. (NASDAQ:TXRH) traded -1.53% lower at $39.01. The company’s 50-day moving average is $44.12 and its 200-day moving average is $44.37. The last closing price is down -11.35% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 434,320 shares of the stock were exchanged, down from an average trading volume of 950,672

KeyBanc Capital Markets has downgraded Texas Roadhouse Inc. (NASDAQ:TXRH) from Overweight to Sector Weight in a report released on 9/29/2016.

See Chart Below

Texas Roadhouse Inc. (NASDAQ:TXRH)

Texas Roadhouse Inc. has a 52 week low of $33.06 and a 52 week high of $49.00 with a P/E ratio of 24.74 The company’s market cap is currently $0.

Also covering Texas Roadhouse Inc.'s target, a total of 17 equity analysts have issued a ratings update on the company. The average stock price target is $42.12 with 2 brokers rating the stock a strong buy, 6 equity analysts rating the company a buy, 13 firms rating the stock a hold, one analyst rating the stock a underperform, and finally zero brokerages rating the company a sell.

General Company Details For 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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