NEW YORK (TheStreet) -- Shares of Texas Roadhouse (TXRH) - Get Report are soaring 13.02% to $41.76 on heavy trading volume early Tuesday afternoon following the release of its 2015 fourth quarter results.
After yesterday's market close, the Louisville, KY-based restaurant company posted earnings of 32 cents per diluted share, exceeding analysts' expectations of 30 cents per share.
Revenue climbed 12% to $454.35 million year-over-year and beat Wall Street's estimates of $453.92 million.
Comparable restaurant sales grew by 4.5% at company restaurants and 4% at franchise locations during the period.
"Our top-line momentum has continued into 2016 and we are pleased to have seen continued traffic growth during the first seven weeks of the year," CEO Kent Taylor said in a statement.
Texas Roadhouse is also on track to open about 30 new restaurants this year.
About 2.96 million of the company's shares were traded by this afternoon, well above its average volume of 913,239 shares per day.
Separately, TheStreet Ratings Team has a Buy rating with a score of A+ on the stock.
This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks rated.
The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and solid stock price performance.
The team believes its strengths outweigh the fact that the company shows low profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: TXRH