TXRH Stock Recent News

Texas Roadhouse (TXRH) possesses solid growth attributes, which could help it handily outperform the market.

Investors can load up on undervalued blue-chip stocks that have plenty of momentum behind them. These types of stocks can comfortably outperform the stock market during bullish economic cycles, but there's a problem with this strategy.

TXRH, MNSO and LSPD made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 7, 2024.

Texas Roadhouse grew in size, popularity, and profitability, fueling it to strong stock-market gains. This little restaurant chain out of Chicago has all of the makings of Texas Roadhouse earlier in its journey and could make a similarly strong investment.

Texas Roadhouse is a strong dividend growth stock, with the dividend increasing at a double-digit CAGR. Despite the price trading at all-time highs, I estimate that there is still a double-digit upside potential based on my dividend discount model. The strong capital management helps TXRH exceed. The company has no long-term debt, which allows more capital to be allocated towards expansion and growth.

Texas Roadhouse (TXRH) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Texas Roadhouse (TXRH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

LOUISVILLE, Ky., May 17, 2024 (GLOBE NEWSWIRE) -- On May 16, 2024, the Board of Directors of Texas Roadhouse, Inc. (Nasdaq: TXRH) authorized the payment of a cash dividend of $0.61 per share of common stock. This payment will be distributed on June 25, 2024, to shareholders of record at the close of business on June 12, 2024.

Texas Roadhouse (TXRH) possesses solid growth attributes, which could help it handily outperform the market.

Does Texas Roadhouse (TXRH) have what it takes to be a top stock pick for momentum investors? Let's find out.