We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Texas Roadhouse (TXRH) Surges 4.8%: Is This an Indication of Further Gains?
Read MoreHide Full Article
Texas Roadhouse (TXRH - Free Report) shares ended the last trading session 4.8% higher at $174.75. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6% gain over the past four weeks.
Texas Roadhouse’s rally was likely buoyed by optimism surrounding sustained sales momentum and easing commodity cost pressures ahead of earnings. Continued traffic growth and strong to-go demand, supported by the company’s value positioning, reinforce confidence in consumer demand. Restaurant expansion provides further growth opportunities, while lower full-year commodity inflation expectations, improving labor productivity and a modest menu price increase could strengthen profitability.
This restaurant chain is expected to post quarterly earnings of $1.49 per share in its upcoming report, which represents a year-over-year change of +19.2%. Revenues are expected to be $1.58 billion, up 10% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Texas Roadhouse, the consensus EPS estimate for the quarter has been revised 5.3% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on TXRH going forward to see if this recent jump can turn into more strength down the road.
Texas Roadhouse belongs to the Zacks Retail - Restaurants industry. Another stock from the same industry, Shake Shack (SHAK - Free Report) , closed the last trading session 4.2% higher at $67.22. Over the past month, SHAK has returned 11.5%.
Shake Shack's consensus EPS estimate for the upcoming report has changed +0.1% over the past month to $0.33. Compared to the company's year-ago EPS, this represents a change of -8.3%. Shake Shack currently boasts a Zacks Rank of #3 (Hold).
View the Zacks #1 Rank List
Image: Bigstock
Texas Roadhouse (TXRH) Surges 4.8%: Is This an Indication of Further Gains?
Texas Roadhouse (TXRH - Free Report) shares ended the last trading session 4.8% higher at $174.75. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6% gain over the past four weeks.
Texas Roadhouse’s rally was likely buoyed by optimism surrounding sustained sales momentum and easing commodity cost pressures ahead of earnings. Continued traffic growth and strong to-go demand, supported by the company’s value positioning, reinforce confidence in consumer demand. Restaurant expansion provides further growth opportunities, while lower full-year commodity inflation expectations, improving labor productivity and a modest menu price increase could strengthen profitability.
This restaurant chain is expected to post quarterly earnings of $1.49 per share in its upcoming report, which represents a year-over-year change of +19.2%. Revenues are expected to be $1.58 billion, up 10% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Texas Roadhouse, the consensus EPS estimate for the quarter has been revised 5.3% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on TXRH going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Texas Roadhouse belongs to the Zacks Retail - Restaurants industry. Another stock from the same industry, Shake Shack (SHAK - Free Report) , closed the last trading session 4.2% higher at $67.22. Over the past month, SHAK has returned 11.5%.
Shake Shack's consensus EPS estimate for the upcoming report has changed +0.1% over the past month to $0.33. Compared to the company's year-ago EPS, this represents a change of -8.3%. Shake Shack currently boasts a Zacks Rank of #3 (Hold).