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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Intel stock falls after Northland Capital cuts to underperform

12:12 pm ET December 4, 2018 (MarketWatch)

Shares of Intel Corp. (INTC) are down 2% in midday trading Tuesday after Northland Capital Markets analyst Gus Richard downgraded the stock to underperform from market perform. Richard had moved to market perform from underperform in mid-September. "We believe that the trade tensions caused companies to pull in demand to beat the increase in tariffs expected on January," he wrote in his Tuesday downgrade. "Now that there is a 90-day reprieve to the increase in Chinese import tariffs, we think the channel will rethink inventory levels going into Q1 and likely slow ordering." He also sees "little evidence of Intel preparing for a significant ramp of 10-nanometer production at this time" based on his conversations with industry contacts. Richard wrote that products from Advanced Micro Devices Inc. (AMD) continue to improve and the company is gaining share in desktop, notebook, and servers. AMD's stock is down 6.5% in Tuesday's session following an 11.3% rise Monday. Its shares are down 21% over the past three months, while Intel shares are up 1.8% and the Dow Jones Industrial Average is off 2%.

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

(END) Dow Jones Newswires

December 04, 2018 12:12 ET (17:12 GMT)

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