Why Texas Roadhouse Stock Slipped Today
On Thursday, investors clearly didn't have a good taste in their collective mouth for Texas Roadhouse (NASDAQ: TXRH). They traded out of the restaurant operator's equity, leaving it with a more than 1% decline on the day. And that was during a session when the S&P 500 index rose, albeit by a somewhat modest 0.8%.
At least some of the negative sentiment can be traced to an analyst recommendation downgrade, which occurred well before market open that day. Evercore ISI's David Palmer changed his view of Texas Roadhouse; he now feels it rates an in-line (hold, in other words), one full peg down from his previous outperform (buy). His current price target is $190 per share.
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Source Fool.com
