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Stock impact report

Texas Roadhouse Stock Up 35% YTD: Is There More Room for Growth? [Yahoo! Finance]

Texas Roadhouse, Inc. (TXRH) 
Last texas roadhouse, inc. earnings: 2/20 04:03 pm Check Earnings Report
Company Research Source: Yahoo! Finance
TXRH has been on a sizzling run this year, with its stock climbing an impressive 35.4%, outpacing the industry's modest 1.9% growth. But what's fueling this surge and is there still room for investors to enjoy more gains? The company's stellar performance can be attributed to a combination of strong same-store sales, a growing digital presence and aggressive expansion initiatives. Not only has Texas Roadhouse exceeded earnings expectations in four of the last five quarters but also analysts are bullish on its future. Over the past 60 days, earnings estimates for 2024 and 2025 have been raised by 4.5% and 4%, respectively, signaling confidence in the company's outlook. Image Source: Zacks Investment Research Major Growth Drivers for TXRH Stock Same-Store Sales and Traffic Gains: TXRH continues to benefit from impressive same-store sales performance. In the second quarter of 2024, Texas Roadhouse's same-store sales increased 9.3% year over year, reflecting a robust demand for th Show less Read more
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