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12 Restaurant Stocks at 52-Week Highs

Texas Roadhouse

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Texas Roadhouse (TXRH)

52-Week High Reached Tuesday: $18.27

A competitor of Cheesecake Factory in the casual dining space, Texas Roadhouse posted an 8% jump in revenue in the recent quarter to $245.6 million.

Net income jumped 30% to just under $14 million, or 19 cents per share.

Comps grew 4.3% at company-operated restaurants and 4.4% at franchised locations.

Texas Roadhouse also said comps in the first four weeks of the current quarter grew 3.5% year-over-year. It forecast 2010 diluted earnings per share growth to be around 20% higher than in 2009, at the high-end of its previously announced outlook for growth in the 16% to 20% range.

The revised estimate was based on guidance for comps growth of 2% and 14 new restaurant openings in the year.

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