Three analysts cut their ratings on Texas Roadhouse Inc. stock this week to neutral from buy or outperform.
Shares of Louisville-based Texas Roadhouse (NASDAQ: TXRH) hit a 52-week high last Friday at $75.17, but BTIG analyst Peter Saleh released a report Thursday moving his rating on the stock to neutral because of heightened valuation concerns. Seeking Alpha on Monday reported that two other analyst firms, Baird and Wedbush, also lowered the shares to neutral from outperform.
