Analyst Rating Update on Texas Roadhouse (TXRH)

Texas Roadhouse (NASDAQ:TXRH) : 5 brokerage houses believe that Texas Roadhouse (NASDAQ:TXRH) is a Strong Buy at current levels. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Texas Roadhouse (NASDAQ:TXRH). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 2.46.

Texas Roadhouse (NASDAQ:TXRH) : Currently there are 13 street experts covering Texas Roadhouse (NASDAQ:TXRH) stock. The most bullish and bearish price target for the stock is $50 and $34 respectively for the short term. The average price target of all the analysts comes to $44. The estimated standard deviation from the target is $5.26.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Raymond James, downgrades their rating on the shares of Texas Roadhouse (NASDAQ:TXRH). Raymond James has a Market Perform rating on the shares. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on April 18, 2016.

Texas Roadhouse (NASDAQ:TXRH): stock turned positive on Tuesday. Though the stock opened at $44.47, the bulls momentum made the stock top out at $44.97 level for the day. The stock recorded a low of $44.27 and closed the trading day at $44.82, in the green by 1.04%. The total traded volume for the day was 959,775. The stock had closed at $44.36 in the previous days trading.

In an insider trading activity,The officer (General Counsel) of Texas Roadhouse, Inc., Catlett Celia sold 966 shares at $46.2 on June 10, 2016. The Insider selling transaction had a total value worth of $44,629. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Texas Roadhouse, Inc. is a full-service, casual dining restaurant company. The Company offers an assortment of seasoned and aged steaks. In addition to steaks, it also offers ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches. Its entrees include made-from-scratch yeast rolls and also include the choice of two of the following made-from-scratch sides: baked potato, sweet potato, steak fries, mashed potatoes, house or Caesar salad, green beans, chili, seasoned rice, buttered corn, applesauce and steamed vegetables. Its restaurants offer a full bar that offers draft and bottled beer, different brands of liquor and wine, as well as margaritas. As of December 30, 2014, the Company had 451 restaurants, which included 372 Company restaurants, of which, 356 were wholly-owned and 16 were majority-owned, and 79 franchise restaurants in which, the Company held 5% to 10.0% ownership interest in 23 restaurants.

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