Jim Cramer Reveals Big Shift For Texas Roadhouse (TXRH)

We recently published Jim Cramer Revealed His Big AI Investing Fear & Discussed These 20 Stocks. Texas Roadhouse, Inc. (NASDAQ:TXRH) is one of the stocks discussed by Jim Cramer.

Texas Roadhouse, Inc. (NASDAQ:TXRH)’s are down by 3.6% over the past year and are up by 7% year-to-date. Over the month, the stock has shown significant momentum as it is up by 12.9%. The shares closed 12% higher on May 8th after the firm’s first-quarter earnings. The results saw Texas Roadhouse, Inc. (NASDAQ:TXRH) post $1.63 billion in revenue and $1.87 GAAP earnings per share to miss analyst revenue estimates of $1.64 billion and beat the earnings estimates of $1.79. Ahead of the earnings, Bank of America discussed the firm on March 11th as it reiterated a Buy rating and a $216 share price target. Earlier, TD Cowen had set a $215 share price target for Texas Roadhouse, Inc. (NASDAQ:TXRH)’s stock on March 5th. Cramer discussed the firm several times last year and warned that it was suffering from high beef prices. In this context, his latest remarks are telling:

“I’m gonna give you the one that I thought was the most exciting one. And it’s Texas Roadhouse. They saw inflation coming down. It’s up 22 dollars. And, what happened to Texas Roadhouse? The CFO said, that they believe, that there’s finally demand destruction for beef.”

Jim Cramer Reveals Big Shift For Texas Roadhouse (TXRH)

While we acknowledge the risk and potential of TXRH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TXRH and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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