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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Texas Roadhouse Sees Its Composite Rating Rise To 96

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.

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