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Stock impact report

Texas Roadhouse pulls guidance, adds to cash position [Seeking Alpha]

Texas Roadhouse, Inc. (TXRH) 
Last texas roadhouse, inc. earnings: 2/20 04:03 pm Check Earnings Report
Company Research Source: Seeking Alpha
Consumer Texas Roadhouse pulls guidance, adds to cash position Mar. 19, 2020 7:26 PM ET | Texas Roadhouse, Inc. (TXRH) Clark Schultz Texas Roadhouse (NASDAQ: The restaurant company will have over $300M in cash on hand following the draw with an option to increase its credit facility by an additional $200M. The increased borrowing was taken as a precautionary measure to provide enhanced financial flexibility considering the uncertain market conditions arising from the COVID-19/Coronavirus pandemic. Texas Roadhouse is withdrawing its Q1 and FY20 guidance due to the outbreak. Source: Press Release Click to subscribe to real-time analytics on TXRH Now read: Dine Brands Global shores up cash position » Show less Read more
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