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Stock impact report

Texas Roadhouse (TXRH) is Operating in a Hard Market, Says Jim Cramer [Yahoo! Finance]

Texas Roadhouse, Inc. (TXRH) 
Last texas roadhouse, inc. earnings: 2/20 04:03 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Casual dining restaurant firm Texas Roadhouse, Inc. (NASDAQ:TXRH) crossed Jim Cramer's radar as the CNBC TV host discussed beef prices. Its shares are down by 7% year-to-date amidst broader struggles faced by the restaurant industry. Stifel maintained a Hold rating and a $188 share price target for the stock in December. The financial firm pointed out that while Texas Roadhouse, Inc. (NASDAQ:TXRH) was fighting historically high prices, the restaurant company was focused on a pricing strategy focused on providing customers with value. Stifel added that the pricing strategy, coupled with a customer value perception, could help the firm with same-store sales growth. Along with Stifel, Wells Fargo also shared its take on Texas Roadhouse, Inc. (NASDAQ:TXRH) in December. Bumping the rating to Overweight and setting a $195 share price target, the bank outlined that the share price at the time of coverage provided an attractive entry point. Like the analysts, Cramer's previous comments about Show less Read more
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