Texas Roadhouse (TXRH) : 2 brokerage houses believe that Texas Roadhouse (TXRH) is a Strong Buy at current levels. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Texas Roadhouse (TXRH). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 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 15 Wall Street Analysts endorse the stock as a Hold with a rating of 2.89.
Texas Roadhouse (TXRH) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $50 and the lowest price target forecast is $34. The average forecast of all the analysts is $44 and the expected standard deviation is $5.51.
Also, Canaccord Genuity initiates coverage on Texas Roadhouse (NASDAQ:TXRH). According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on August 22, 2016.
Texas Roadhouse (NASDAQ:TXRH): After opening at $42.46, the stock dipped to an intraday low of $42.285 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $43.2 and the buying power remained strong till the end. The stock closed at $43.18 for the day, a gain of 1.34% for the day session. The total traded volume was 517,547. The stocks close on the previous trading day was $42.61.
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.