We recently published 10 Stocks on Jim Cramer’s Radar. Texas Roadhouse, Inc. (NASDAQ:TXRH) is one of the stocks that on Jim Cramer’s radar.
Casual restaurant chain Texas Roadhouse, Inc. (NASDAQ:TXRH) is a stock that Jim Cramer frequently discusses. Recently, his remarks have centered on the firm’s exposure to beef prices. The CNBC TV host believes that Texas Roadhouse, Inc. (NASDAQ:TXRH) can experience tailwinds from a drop in beef prices. However, recently, Truist was out with a pessimistic take for the firm. The investment bank downgraded Texas Roadhouse, Inc. (NASDAQ:TXRH)’s shares to Hold from Buy and lowered the share price target to $188 from $206. Like Cramer, beef prices were also on the bank’s mind as it outlined that high prices could persist and hit the restaurant chain’s margins. However, while Truist downgraded to Hold, Cramer advised a Buy in response to news of President Trump signing an executive order to import more beef from Argentina. Through the order, the US will quadruple the amount of beef that it imports from Argentina in order to increase supply and lower the price:
Photo by Syed Ahmad on Unsplash
“Buy Texas Roadhouse TXRH”
While we acknowledge the potential of TXRH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
