2020-12-01 07:31:07 TXRH Texas Roadhouse
12/01/20 12/0107:31 12/01/2007:31 | Texas Roadhouse butcher shop launch looks like 'smart move,' says StephensStephens analyst James Rutherford acknowledges that when Texas Roadhouse (TXRH) announced a month ago that it was launching a butcher shop business to sell frozen steaks directly to consumers by way of Amazon (AMZN) he was initially surprised, but after further research into the opportunity he believes this was "a smart move" given "the increasingly insatiable appetite consumers have for greater quality and convenience in their food." While he thinks Texas Roadhouse remains well positioned to face near-term COVID-19 impacts and to prosper after, Rutherford keeps an Equal Weight rating on the shares, citing valuation. | |
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