The IBD SmartSelect Composite Rating for Texas Roadhouse rose from 94 to 96 Monday.
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The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.
Texas Roadhouse is currently forming a cup with handle, with a 199.99 entry. See if the stock can break out in volume at least 40% higher than normal.
The stock has a 90 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 90% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company posted 1% earnings growth. Sales growth came in at 10%, down from 23% in the prior quarter.
Texas Roadhouse earns the No. 4 rank among its peers in the Retail-Restaurants industry group. Brinker International is the top-ranked stock within the group.
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