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Fly News Breaks for April 17, 2018
TXRH
Apr 17, 2018 | 08:05 EDT
As previously reported, Longbow analyst Alton Stump downgraded Texas Roadhouse to Neutral from Buy after his talks with franchisees left him with the impression that system-wide same-store sales grew 3.5%-4% in Q1, compared to the consensus forecast for growth of 4.0%. Given the stock's 35% advance over the last year, Stump worries an in-line comp performance won't be enough to drive the shares up from current levels, he told investors.