As earnings season gets fully underway, stocks are tumbling. Restaurants in particular are taking a beating as investors lose confidence in a quick recovery.
Being stuck at home for an extended period of time certainly has its sets of challenges. Fortunately, being a foodie eliminates one of them: my family is well-fed.But the one thing I miss the most is dining out at Texas Roadhouse Inc (NASDAQ: TXRH). Sure, it's far from the best steak money can buy and well short of the Snake River Farms Wagyu steak I made for New Year's. But there is something special about Texas Roadhouse. The atmosphere of spontaneous line dancing, the family-friendly environment, the rolls, the attentive service and consistency of orders makes it my favorite casual restaurant joint.Texas Roadhouse was the first restaurant where my daughter ordered her own meal from the children's menu instead of eating a few bites from our plates. She loves the chicken tenders almost as much as my wife loves the chicken.But for me, I want the king of steaks -- a porterhouse. The bigger the better: I'll take home some leftovers if need be. The steak has to be prepared rare with an add-on of mushrooms and onions. A steak isn't complete without a side of steak fries (duh). And it's a game time decision if I want a caesar salad with extra dressing, or go a bit healthier with a plain baked potato or veggies.What My Family Wants My mother wants nothing more than a stack of pancakes from Dine Brands Global Inc's (NYSE: DIN) IHOP with whipped cream. My father is unlikely to complain about eating a stack of pancakes, although much like me, he would prefer a big steak with all the trimmings.I've had the IHOP sirloin tips and eggs and they aren't bad. But it comes with a side of pancakes, so the rest of the day needs to be a write-off. Fine by me!My sister's top priority isn't so much going out to eat, but rather a soak in a hot tub and a massage at a spa. Just the right treatment needed before all-you-can-eat sushi with her husband and two boys.What The Benzinga Crew Wants Benzinga Managing Editor Jason Shubnell wants a large pizza from Buddy's. He says Buddy's is one of the best pizza joints in the country -- a claim many from New York or Chicago or would like to dispute. But once the quarantine comes to an end, does it really matter?News guru Brent Slava knows exactly what he wants and showed no hesitation in saying it: a double Smoke Shack from Shake Shack Inc (NYSE: SHAK). Darwin Smith, one of Benzinga's developers, wants to sit down at any restaurant without having to think too much. But if asked to pick, he wants to wait in line at Mr. Kabob's near Benzinga HQ.Writer Tanzeel Akhtar wants sushi from her favorite restaurant across the pond in London, England. No time will be wasted browsing the menu: she wants six pieces of sashimi, six pieces of nigiri and a couple maki rolls. And don't forget the bottle of Asahi.Writer Henry Khederian wants nothing more than to eat at Mia Bella in Cleveland's Little Italy. The restaurant serves up homemade food, including a fantastic margherita pizza, colorful ravioli, and as one would expect at an Italian joint, tiramisu to finish the night.Andrew Lebbos, a Benzinga business developer, says the obvious: going out to eat isn't about the food. Although dining at Honest John's in Detroit's Midtown neighborhood for brunch might make the occasion even more special. And after brunch, a drink at the back of a dive bar with people you love is the perfect end to a meal.Photo courtesy of Shake Shack. See more from Benzinga * Alcohol Sales Up 55% In Third Week Of March * Shake Shack CEO: Restaurants Of All Sizes Hurting * Chipotle CEO Talks Food Innovation, Bonuses For Workers And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Q1 2020 Texas Roadhouse Inc Earnings Call
As far as restaurant stocks go, Texas Roadhouse (NASDAQ: TXRH) has been one of the best there is in the last decade. At the onset of 2020, shares were sporting a 400% return over the last trailing 10 years, powered by Roadhouse's focus on slow-and-steady expansion in suburban America. As to specifics on comps, Texas Roadhouse has been growing the metric for its existing store base for years.
Restaurant stocks have been whipsawed by poor earnings, Covid-19 warnings from health experts, and hopes about reopenings and vaccine progress. Analyst Brian Vaccaro notes that restaurants’ ability to raise capital in recent weeks has bolstered balance sheets, in many cases pushing off any concerns about liquidity to a year or more. “While risks obviously remain, for investors seeking tactical long ideas in an environment of improving weekly sales data as more states reopen (and capacity limits are raised),” there are still restaurant stocks worth buying, he writes.
Texas Roadhouse (TXRH) delivered earnings and revenue surprises of -42.50% and -1.66%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
The restaurant industry may be fundamentally changed by the coronavirus pandemic, but even with the ability to utilize takeout and delivery options to remain open when other businesses were forced closed, some chains may not survive. Shake Shack, for example, announced it will be punching holes in the sides of its burger shops to allow for drive-thru and walk-up orders, as they believe social distancing will be the norm for a long time to come. Olive Garden owner Darden Restaurants (NYSE: DRI) could have been done in by the pandemic, but, having built out a substantial off-premises business before the crisis struck, it has been able to offset much of the loss from customers no longer coming to sit down and eat.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
The move comes as businesses across the country scramble to find solutions after being ordered to shut down or reduce services in response to the ongoing pandemic.
Investors need to pay close attention to Texas Roadhouse (TXRH) stock based on the movements in the options market lately.
In this episode of Industry Focus: Consumer, Emily Flippen and Motley Fool contributor Dan Kline discuss retail bankruptcies and how coronavirus is affecting retail businesses. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
LOUISVILLE, Ky., May 04, 2020 -- Texas Roadhouse, Inc. (NasdaqGS: TXRH), today provided a statement from Kent Taylor, Founder of Texas Roadhouse, announced financial results.
Their businesses generated excess returns and are predicted to improve their profitability Continue reading...
Image source: The Motley Fool. Texas Roadhouse Inc (NASDAQ: TXRH)Q1 2020 Earnings CallMay 4, 2020, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood evening, and welcome to the Texas Roadhouse First Quarter Earnings Conference Call.
LOUISVILLE, Ky. (AP) — Texas Roadhouse Inc. (TXRH) on Monday reported first-quarter net income of $16 million.
Grocery food prices continue to rise, and this represents a potentially overlooked opportunity for restaurants like Texas Roadhouse Inc (NASDAQ: TXRH).The Texas Roadhouse Analysts Wedbush analyst Nick Setyan maintained an Outperform on Texas Roadhouse with an…
Darden Restaurants Inc. shares rose 6.3% in Wednesday premarket trading after the Olive Garden parent was upgraded to outperform from neutral at Wedbush based on its $1 billion in cash on hand. Wedbush raised its price target to $94 from $37. Darden said on Tuesday that it drew down $750 million from its revolving credit, which it had not touched, and had a new $270 million term loan agreement. The cash burn rate is $25 million per week. Its to-go business at both Olive Garden and Longhorn Steakhouse has grown for the quarter to date. For the week ending April 5, Olive Garden generated $39.1 million in sales and Longhorn Steakhouse tallied $19.9 million. Overall, Wedbush said casual chains, including Texas Roadhouse Inc. and Chuy's Holdings Inc. , are well-positioned for the pandemic and the recovery. "Based on the cash burn we model through Q3 for each of our casual diners, we believe each has now secured ample liquidity," analysts said. Darden stock has slumped 50.6% over the past year while the S&P 500 index is down 8.2% for the period.
Texas Roadhouse (TXRH) delivered earnings and revenue surprises of -42.50% and -1.66%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Wednesday's top analyst upgrades and downgrades included AbbVie, American Electric Power, Anheuser-Busch InBev, Arconic, Baidu, Best Buy, Co-Diagnostics, Cree, Exelon, Home Depot, NRG Energy, T-Mobile and Walmart.
LOUISVILLE, Ky., April 21, 2020 -- Texas Roadhouse, Inc. (NasdaqGS: TXRH) announced today that it will release first quarter 2020 financial results on Monday, May 4, 2020 after.
Texas Roadhouse tops the list Continue reading...
TXRH earnings call for the period ending March 31, 2020.
Following the lead of CEO Kent Taylor, other top executives at the Louisville-based company are giving up their pay to assist hourly, front-line restaurant employees.
Grocery food prices continue to rise, and this represents a potentially overlooked opportunity for restaurants like Texas Roadhouse Inc (NASDAQ: TXRH).The Texas Roadhouse Analysts Wedbush analyst Nick Setyan maintained an Outperform on Texas Roadhouse with an unchanged $73 price target.Raymond James analyst Brian Vaccaro maintained a Strong Buy with a price target lifted from $52 to $56.Wedbush: Texas Roadhouse An 'Outsized Beneficiary' From Trend Texas Roadhouse is viewed as a chain that offers good value to consumers, so its value gap versus grocery store protein should result in "steady, if not increasing" off-premise sales, Setyan said in a Wednesday note.Most notably, management decided to sell uncooked cuts of steaks, and this decision "makes even more sense" given a shrinking price gap versus grocery store steaks, the analyst said. In terms of quick-service-restaurants, Jack in the Box Inc. (NASDAQ: JACK) had already established for itself a premium reputation within the burger category, he said.The company chose to ignore the value wars of recent years, which implies it could "hold its own" if the food away from home tailwind starts to decline, according to Wedbush. Raymond James On Improving Texas Roadhouse Sales Data Most full-service restaurants that already reopened their dining halls at limited capacity are now seeing sequential comp increases in the 15% to 25% range, Vaccaro said in a Wednesday note. In fact, restaurants that reopened their doors are outperforming those that chose otherwise by 8% to 15%, the analyst said. Investors looking to take advantage of improving weekly sales data as more states reopen should consider Texas Roadhouse, a best-in-class operator that boasts a strong balance sheet, he said. Olive Garden's parent company Darden Restaurants, Inc. (NYSE: DRI) is also a Strong Buy at Raymond James, while Bloomin' Brands Inc (NASDAQ: BLMN), Chuy's Holdings Inc (NASDAQ: CHUY) and Brinker International, Inc. (NYSE: EAT) are all-Outperform rated.Related Links:Restaurant Brands CEO 'Optimistic' About Burger King Parent Company After Meeting With TrumpWhy Cramer Favors Chipotle, Starbucks And Wendy's Post-Coronavirus ShutdownPhoto by Dwight Burdette via Wikimedia. Latest Ratings for TXRH DateFirmActionFromTo May 2020Raymond JamesMaintainsStrong Buy May 2020Stephens & Co.ReinstatesOverweight May 2020Deutsche BankMaintainsHold View More Analyst Ratings for TXRH View the Latest Analyst Ratings See more from Benzinga * Cramer Says Up To 1 Out Of 3 Restaurants, Bars Will Close * Will Consumers Return To Restaurants After Learning How To Cook At Home? * 7 More New Foods We Can't Wait To Try: Dickey's BBQ Family Pack, Dairy Queen Blizzards And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Texas Roadhouse (TXRH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.