Texas Roadhouse Inc
TXRH: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|jw | LOCK|t<%v | LOCK|lPhJ^<q |
Texas Roadhouse Delivers Solid Same-Store Sales, but High Beef Costs Loom
Texas Roadhouse TXRH posted fourth-quarter results that were bolstered by solid same-store sales. The firm continues to deliver respectable numbers against an increasingly competitive casual dining restaurant landscape, but continued food cost inflation looms, which may bite into any hopes of meaningful margin expansion. We are maintaining our $16 fair value estimate and our no-moat rating.
