KeyBanc Downgrades Texas Roadhouse (TXRH) to Hold

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KeyBanc downgraded Texas Roadhouse (NASDAQ: TXRH) from Buy to Hold.

The firm cited the stock's 18% year-to-date versus 8% for the S&P 500 and 13% for the KBCM Restaurant Index. They also have concern that new store sales performance may limit EPS upside.

The firm lowered 2014 EPS estimate to $1.27 from $1.32 to reflect less contribution from new store openings.

For an analyst ratings summary and ratings history on Texas Roadhouse click here. For more ratings news on Texas Roadhouse click here.

Shares of Texas Roadhouse closed at $19.79 yesterday, with a 52 week range of $15.72-$20.15.

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