Texas Roadhouse Receives a Sell from Jefferies

By Ryan Adsit

In a report issued on August 29, Andy Barish from Jefferies reiterated a Sell rating on Texas Roadhouse (NASDAQ: TXRH), with a price target of $40. The company’s shares opened today at $47.45.

According to TipRanks.com, Barish is a 4-star analyst with an average return of 6.8% and a 52.1% success rate. Barish covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Dave & Busters Entertainment, and Papa John’s International.

Texas Roadhouse has an analyst consensus of Moderate Buy, with a price target consensus of $52.71.

Based on Texas Roadhouse’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $566 million and quarterly net profit of $37.58 million. In comparison, last year the company earned revenue of $509 million and had a net profit of $33.61 million.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock.

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Texas Roadhouse, Inc. is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names.