Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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"We are impressed with TXRH's recent performance and continue to like the company's returns, CF and growth opportunity," said analyst John Zolidis of Buckingham Research. "However we remain concerned with slowing SRS and EPS."
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Texas Roadhouse had a strong 2015 and start to the 2016, but has since given up around 24 percent of its stock price as the market becomes more cautious around some slowing trends surrounding the restaurant industry.
Despite the concerns, Buckingham Research still likes the concept and the stock. The cautious sentiment surrounding the restaurant industry and lower expectations could set Texas Roadhouse up for a nice earnings beat in the third quarter. The company is set to release its third-quarter earnings on November 1.
Buckingham Research maintains a Neutral rating on Texas Roadhouse and trimmed its price target to $43 from $47.
At time of writing, Texas Roadhouse was down 1.57 percent Thursday.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.