BTIG Research Upgrades Texas Roadhouse Inc to Buy with Price Target $50

Brokerage firm BTIG Research Upgrades its rating on Texas Roadhouse Inc(TXRH). In a research note issued to the investors, the brokerage major Announces the price-target to $50 per share. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at BTIG Research was issued on Mar 17, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 14, 2017, Baird said it Upgrades its rating on Texas Roadhouse Inc. In the research note, the firm Announces the price-target to $48 per share. The shares have been rated ‘Outperform’ by the firm. On Jan 17, 2017, Morgan Stanley said it Upgrades its rating on Texas Roadhouse Inc. The shares have been rated ‘Equal-Weight’ by the firm.

Texas Roadhouse Inc (TXRH) shares turned negative on Wednesdays trading session with the shares closing down -0.03 points or -0.07% at a volume of 6,68,528. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.41. The peak price level was also seen at $43.41 while the days lowest was $42.83. Finally the shares closed at $43.23. The 52-week high of the shares is $50.51 while the 52-week low is $37.23. According to the latest information available, the market cap of the company is $3,058 M.

Texas Roadhouse Inc(TXRH) last announced its earnings results on Feb 21, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $484.710M. Analysts had an estimated revenue of $498.320M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.38.

Several Insider Transactions has been reported to the SEC. On Feb 21, 2017, Scott Matthew Colosi (President and CFO) sold 12,377 shares at $48.21 per share price.Also, On Nov 14, 2016, Wayne Kent Taylor (Chairman, CEO) sold 100,000 shares at $44.55 per share price.On Nov 10, 2016, S. Chris Jacobsen (Chief Marketing Officer) sold 5,996 shares at $42.00 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.

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