TXRH - Which of These Beaten-Down Nasdaq Stocks Is a Hotter Buy?
Restaurants have been packed lately as an increasing number of Americans choose to spend money on dining out. U.S. bar and restaurant sales popped 1.1% in August, compared to a mere 0.3% in the retail sales market.
The National Restaurant Association (NRA) expects restaurant and bar sales to top $898 billion this year. With that in mind, let's take a look at two restaurant stocks that have been beaten down over the past year or so.
Texas Roadhouse (NASDAQ: TXRH) operates the largest steakhouse chain in the U.S., known most for "hand-cut steaks, fall-off-the-bone ribs, made-from-scratch sides, and fresh-baked bread." The Louisville, Kentucky-based company also owns the Bubba's 33 and Jaggers franchises.
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Which of These Beaten-Down Nasdaq Stocks Is a Hotter Buy?