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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and JULIE MAK

Texas Roadhouse Stock Earns Composite Rating Upgrade

Texas Roadhouse stock saw its IBD SmartSelect Composite Rating jump to 96 Monday, up from 93 the day before.

The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.

Texas Roadhouse stock recently reclaimed its 50-day moving average and is currently forming a consolidation, with a 206.04 buy point. See if the retail stock can break out in heavy trade at least 40% higher than normal.

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The stock sports a 98 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 98% of all stocks.

Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.

Texas Roadhouse Earnings

The steakhouse restaurant chain reported a 60% earnings gain for Q4. Revenue growth increased 23%, up from 13% in the prior report. That marks one quarter of increasing revenue growth.

Texas Roadhouse holds the No. 5 rank among its peers in the Retail-Restaurants industry group. Dutch Bros is the top-ranked stock within the group.

This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.

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