Texas Roadhouse Inc
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Consumer Discretionary : Hotels, Restaurants & Leisure | Mid Cap GrowthCompany profile

Texas Roadhouse, Inc. is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes. The Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches. The Company offers an assortment of wings, sandwiches, pizzas and burgers, including its bacon grind patty. In addition, the Company also offers its guests a selection of chicken, beef, fish and seafood. Other menu items include specialty appetizers, such as the Cactus Blossom and Rattlesnake Bites. As of December 27, 2016, the Company had 23 franchisees that operated 86 Texas Roadhouse restaurants in 23 states and six foreign countries.

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Apple target cut at Canaccord amid 'soft smartphone and overall iPhone demand'

8:58 am ET November 29, 2018 (MarketWatch)

Canaccord Genuity analyst T. Michael Walkley lowered his price target on Apple Inc. (AAPL) shares to $225 from $250 on Thursday, after a recent Canaccord consumer survey suggested "soft smartphone and overall iPhone demand" as well as "disappointing initial iPhone XR sales." The survey found that Apple still "maintained strong share of U.S. smartphone sales" across the carriers. Walkley continues to believe that Apple will grow its installed base and monetize it well through services, but he forecasts a year-over-year drop in iPhone units for calendar 2019. Apple shares are up 0.9% in premarket trading Thursday following a Cnet report from the prior afternoon in which an Apple executive said that the iPhone XR has been the company's best-selling model (http://www.marketwatch.com/story/the-iphone-xr-has-been-apples-best-selling-phone-since-its-launch-report-2018-11-28) in each day since its late-October launch. Apple's stock has fallen 19% over the past three months, while the Dow Jones Industrial Average has slipped 2.9%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

November 29, 2018 08:58 ET (13:58 GMT)

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