Trump's deportations could shake up the restaurant industry, but Wall Street isn't worried [USA TODAY]
Texas Roadhouse, Inc. (TXRH)
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Source: USA TODAY
pandemic: pricier menus, rising wages and shuttered storefronts, economists and some restaurateurs worry. But Wall Street is wagering that Trump's tough talk is a bluff ahead of a more limited crackdown that won't uproot the restaurant industry's immigrant-heavy workforce. The industry is one of the most reliant on workers in the country illegally, making it a test case for whether Trump will fulfill completely his campaign promises. “I see little risk of them deporting people that are working at jobs in restaurants or anywhere else in the food industry,” says Dan Ahrens, chief operating officer and portfolio manager of AdvisorShares. Ahrens said he believes Trump's administration will focus on immigrant criminals, with talk of broader deportations amounting to political rhetoric. Thomson Reuters' index of restaurant and bar stocks has steadily risen more than 5% since the election, outpacing the S&P 500. In the last year, while lagging the S&P, restaurant stocks have risen ne
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TXRH
Earnings
- 10/24/24 - Miss
TXRH
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form 144
- 11/13/24 - Form 4
- TXRH's page on the SEC website