"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."
Third-Quarter Preview
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.
Full ratings data available on Benzinga Pro.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.