Texas Roadhouse saw an improvement in its IBD SmartSelect Composite Rating Monday, from 91 to 97.
Looking For Winning Stocks? How To Invest In Both Bull And Bear Markets
The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they launch 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 forming a cup without handle, with a 206.04 buy point. Look for the stock to break out in heavy trade 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 fell to 10%, down from 23% in the prior quarter.
Texas Roadhouse holds the No. 2 rank among its peers in the Retail-Restaurants industry group. Dutch Bros is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
