Texas Roadhouse saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 96.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Texas Roadhouse is currently about 1% above a 177.72 entry from a flat base.
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The stock sports a 97 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 33% earnings growth. Top line growth fell to 13%, down from 15% in the previous quarter.
Texas Roadhouse holds the No. 3 rank among its peers in the Retail-Restaurants industry group. Dutch Bros is the No. 1-ranked stock within the group.
