Highlights From Texas Roadhouse's Q2 2017 Results
Texas Roadhouse (NASDAQ: TXRH) has done it again. The casual restaurant chain is doing a circle dance around what is an otherwise struggling casual-dining industry. While others may be lamenting having a stake in casual-dining stocks, Roadhouse shareholders didn't get the memo.
The restaurant industry has been stuck in a steady decline for nearly two years. A combination of too many new restaurants and diners opting to eat at home are to blame. The negative trend has been only partially offset by menu price increases.
Chart by the author. Data source: TDn2K
Source: Fool.com
Texas Roadhouse Inc. Stock
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As a result the target price of 170 € shows a slightly positive potential of 4.42% compared to the current price of 162.8 € for Texas Roadhouse Inc..
