Texas Roadhouse: Analyst Wave Brings Stock Back After Fake Shock!
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Market Drivers: Within two days, Jefferies and Stephens upgraded the stock Background: The prior crash of more than 20% was due to a false social media rumor, not operational issues. Outlook: Increasing guest numbers and declining cost pressure on beef support the recovery Texas Roadhouse is one of the most sought-after casual dining chains in the U.S., operating over 840 restaurants in 49 states and ten other countries under the Texas Roadhouse, Bubba's 33, and Jaggers brands. The recipe for success: hand-cut steaks at moderate prices...
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