Texas Roadhouse Inc (NASDAQ:TXRH) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 8, 2016
Zacks Investment Research has downgraded Texas Roadhouse Inc (NASDAQ:TXRH) to Sell in a statement released on 10/06/2016.
Boasting a price of $37.99, Texas Roadhouse Inc (NASDAQ:TXRH) traded -0.50% lower on the day. With the last stock price close down -14.00% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Texas Roadhouse Inc has recorded a 50-day average of $42.62 and a two hundred day average of $44.16. Volume of trade was down over the average, with 950,019 shares of TXRH changing hands under the typical 992,329
With a total market value of $0, Texas Roadhouse Inc has price-earnings ratio of 23.89 with a one year low of $33.06 and a one year high of $49.00 .
A total of 17 equity analysts have released a ratings update on TXRH. Two equity analysts rating the company a strong buy, six equity analysts rating the company a buy, thirteen equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $42.12.
Brief Synopsis 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 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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