Texas Roadhouse (TXRH)
52-Week High Reached Tuesday: $18.27A 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.