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.
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