TXRH - Why Texas Roadhouse Stock Deserves to Top Your Buy List
With inflation sharply on the rise -- especially in food prices -- restaurant stocks are getting hit hard right now. For many, increased costs are taking a big bite out of profit margins.
One of the top casual chains of suburbia, Texas Roadhouse (NASDAQ: TXRH) , isn't immune, but it's still notching profitable growth. It's also benefiting from its exposure to more rural areas of the country (nearly 700 stores in 49 states, with most locations outside of city centers), a trend that could keep this business steadily on the rise for years.
Despite some economic issues, this steakhouse chain is winning with consumers. Here's why Texas Roadhouse should be on your stock menu.
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Why Texas Roadhouse Stock Deserves to Top Your Buy List