Texas Roadhouse (NASDAQ:TXRH) has been downgraded from Overweight to Sector Weight in a statement by KeyBanc earlier today.
- Updated: September 29, 2016
Having a price of $39.94, Texas Roadhouse (NASDAQ:TXRH) traded -1.53% lower on the day. With the last close down -11.35% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. TXRH has recorded a 50-day average of $44.12 and a two hundred day average of $44.37. Trade Volume was down over the average, with 434,320 shares of TXRH changing hands under the typical 950,672
KeyBanc has downgraded Texas Roadhouse (NASDAQ:TXRH) from Overweight to Sector Weight in a statement released on Thursday September 29, 2016.
Recent Performance Chart
Texas Roadhouse has PE ratio of 24.74 with a one year low of $33.06 and a one year high of $49.00 and has a market capitalization of $0.
A total of 17 brokerages have issued a ratings update on the stock. 2 brokers rating the stock a strong buy, six firms rating the stock a buy, thirteen analysts rating the company a hold, 1 brokerage rating the company a underperform, and finally zero brokers rating the stock a sell with a consensus target price of $42.12.
Brief Synopsis About Texas Roadhouse (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.