Texas Roadhouse saw its IBD SmartSelect Composite Rating jump to 96 Monday, up from 94 the day before.
The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Texas Roadhouse has now climbed above a proper buy zone after breaking out from a 177.72 entry in a flat base.
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The stock earns a 97 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 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. Sales growth came in at 13%, down from 15% in the prior quarter.
Texas Roadhouse earns the No. 2 rank among its peers in the Retail-Restaurants industry group. CAVA Group is the top-ranked stock within the group.
