Stronger Comps Make Texas Roadhouse Look Tastier
Restaurant chains, in general, have had a tough time lately, as competition from fast-casual and fast-food rivals have eaten into the customer base that traditionally used to frequent slow-serve casual-dining establishments. Texas Roadhouse (NASDAQ: TXRH) has done a better job than most at weathering the storm, however, and a loyal customer base has helped ensure that the steakhouse chain has avoided some of the worst of the industry's conditions.
Coming into Monday's second-quarter financial report, Texas Roadhouse investors wanted to see the company continue the momentum it built up during a strong first quarter. Texas Roadhouse served up a good set of quarterly numbers, and shareholders should be pleased to see things starting to pick up for the steakhouse chain. Let's take a closer look at Texas Roadhouse and what its latest report says about its future.
Image source: Texas Roadhouse.
Source: Fool.com
Texas Roadhouse Inc. Stock
The stock is an absolute favorite of our community with 25 Buy predictions and no Sell predictions.
As a result the target price of 159 € shows a slightly positive potential of 2.88% compared to the current price of 154.55 € for Texas Roadhouse Inc..
