Texas Roadhouse (TXRH) NewsBite - TXRH Earnings Beat Estimates

Posted: Tuesday, November 03, 2009 11:34 AM EDT

Texas Roadhouse (NasdaqNM: TXRH) opened at $10.53. So far today, the stock has hit a low of $10.02 and a high of $11.33. TXRH is now trading at $10.83, up $1.44 (15.34%). Over the last 52 weeks the stock has ranged from a low of $4.09 to a high of $12.75. TXRH reported earnings last night, posting a third-quarter profit of $10.6 million, or 15 cents per share, on revenue of $226.5 million, topping analysts' projections of 12 cents per share on revenue of $226.7 million. Technical indicators for the stock are bearish and S&P gives TXRH a negative 2 STARS (out of 5) sell ranking. We will just watch this one for now. There are no hedged trades we like the look of for TXRH. [ABR-Seven Summits Strategic Investments NewsBite]

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