Texas Roadhouse slips on third-quarter profit miss

By Reuters News

** Shares of restaurant chain Texas Roadhouse TXRH.O fall 3.5% to $184.81 in morning trading

** The Louisville, Kentucky-based company reports Q3 adj. EPS of $1.36, below analysts' expectations of $1.46, according to data compiled by LSEG

** Third-quarter revenue of $1.57 bln fell just short of analysts' estimates of $1.58 bln

** A late-August social media controversy weighed on comparable sales growth and could continue to pressure near-term traffic trends, while the stock remains overvalued at current levels, Morningstar Equity analyst says in a note

** Stock is trading above is 20 days moving average since October 13

** 19 of 28 brokerages rate the stock "buy" or higher, and 9 "hold"; their median PT is $210 — LSEG data

** Up to last close, stock up about 11% YTD

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