Market Overview

UPDATE: Deutsche Bank Reduces PT to $19 on Texas Roadhouse on Traffic Weakness

Share:
Related TXRH
Benzinga's Volume Movers
Alaska Air To Join S&P 500, Texas Roadhouse, Cavco To Be Added To Other S&P Indices

Deutsche Bank reiterated its Hold rating on Texas Roadhouse (NASDAQ: TXRH) and reduced its price target from $20 to $19.

Deutsche Bank commented, "While TXRH remains one of the best comp stories in casual dining, traffic has weakened of late and mgmt. put forth a conservative tone on pricing, both of which will exacerbate beef infl. concerns for next yr. Until we get more clarity on these issues, the stock is likely to remain range-bound."

Texas Roadhouse closed at $17.95 on Monday.

Latest Ratings for TXRH

DateFirmActionFromTo
Jul 2016Maxim GroupDowngradesBuyHold
Apr 2016Raymond JamesDowngradesOutperformMarket Perform
Feb 2016Credit SuisseMaintainsNeutral

View More Analyst Ratings for TXRH
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (TXRH)

View Comments and Join the Discussion!