BUZZ-Texas Roadhouse shares fall as third-quarter profit misses expectations

November 6 - ** Shares of restaurant chain Texas Roadhouse (TXRH.O) fell 3.5% in early trading, to $184.81.

** According to data compiled by LSEG, the Kentucky-based Louisville (link) company reported adjusted earnings per share for the third quarter of $1.36, below analysts' expectations of $1.46.

** Third-quarter revenue was $1.57 billion, slightly below analysts' expectations of $1.58 billion.

** Morningstar equity analysts noted in a report that a late-August social media controversy weighed on same-store sales growth and could continue to pressure short-term traffic trends; meanwhile, the stock's current valuation remains elevated.

** Since October 13, the stock has traded above its 20-day moving average.

** Of 28 brokerages, 19 rate the stock as "buy" or higher, 9 rate it "hold"; the median target price is $210 — LSEG data.

** As of the close of the previous trading day, the stock had gained around 11% for the year.

(To assist non-English speakers, Reuters has automatically translated its report into several other languages. Because automatic translation may contain errors or lack needed context, Reuters does not guarantee the accuracy of the automatic translation, which is provided for readers’ convenience only. Reuters accepts no liability for any damage or loss resulting from the use of the automated translation function.)