Texas Roadhouse Inc (TXRH) is Upgraded by Maxim Group to Buy, Price Target at $48

Texas Roadhouse Inc (TXRH) was Upgraded by Maxim Group to ” Buy” and the brokerage firm has set the Price Target at $48. Earlier the firm had a rating of “Hold ” on the company shares. Maxim Group advised their investors in a research report released on Oct 18, 2016.

Many Wall Street Analysts have commented on Texas Roadhouse Inc. Texas Roadhouse Inc was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Sep 29, 2016. Texas Roadhouse Inc was Downgraded by Jefferies to ” Underperform” on Jul 26, 2016. Telsey Advisory Group Downgraded Texas Roadhouse Inc on Jul 26, 2016 to ” Market Perform”, Price Target of the shares are set at $48.

On the company’s financial health, Texas Roadhouse Inc reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.45. The company had revenue of $508.80 million for the quarter, compared to analysts expectations of $509.30 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Texas Roadhouse Inc opened for trading at $38 and hit $38.63 on the upside on Friday, eventually ending the session at $38.54, with a gain of 0.86% or 0.33 points. The heightened volatility saw the trading volume jump to 7,99,083 shares. Company has a market cap of $2,715 M.

In a different news, on Aug 18, 2016, Wayne Kent Taylor (Chairman, CEO) sold 150,000 shares at $46.07 per share price. According to the SEC, on Aug 5, 2016, James R Zarley (director) purchased 23,800 shares at $42.23 per share price. On Jun 13, 2016, Celia Catlett (General Counsel) sold 966 shares at $46.20 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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