Texas Roadhouse Inc (TXRH) is Downgraded by Jefferies to Underperform

Texas Roadhouse Inc (TXRH) was Downgraded by Jefferies to ” Underperform”. Earlier the firm had a rating of “Hold ” on the company shares. Jefferies advised their investors in a research report released on Jul 26, 2016.

Many Wall Street Analysts have commented on Texas Roadhouse Inc. Maxim Group Downgraded Texas Roadhouse Inc on Jul 18, 2016 to ” Hold”, Price Target of the shares are set at $48.Buckingham Research Initiated Texas Roadhouse Inc on Jun 16, 2016 to “Neutral”, Price Target of the shares are set at $47.Company shares were Reiterated by Telsey Advisory Group on May 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $44 .

On the company’s financial health, Texas Roadhouse Inc reported $0.50 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $0.54. The company had revenue of $515.56 million for the quarter, compared to analysts expectations of $516.35 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Texas Roadhouse Inc opened for trading at $46.55 and hit $47.09 on the upside on Wednesday, eventually ending the session at $46.79, with a gain of 0.91% or 0.42 points. The heightened volatility saw the trading volume jump to 5,05,332 shares. Company has a market cap of $3,290 M.

In a different news, on Jun 13, 2016, Celia Catlett (General Counsel) sold 966 shares at $46.20 per share price. According to the SEC, on May 9, 2016, Kathy Widmer (director) sold 6,000 shares at $44.20 per share price. On Feb 26, 2016, S. Chris Jacobsen (Chief Marketing Officer) sold 3,500 shares at $41.28 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Texas Roadhouse Inc

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