Texas Roadhouse shares jump 15% as beef inflation eases

8 articles · Updated · MarketWatch · May 8

The stock hit $182.26 in midday trading after first-quarter restaurant margin reached 16.3%, topping Wall Street's 15.9% estimate, and earnings rose to $1.87 a share from $1.70.
Lower-than-expected food costs prompted the chain to trim its full-year commodity cost growth forecast to 6%-7% from about 7%, helping lift investor sentiment.
Investor relations vice-president Michael Bailen said beef supply issues persist, but weaker retail demand and shifts to cheaper cuts, pork and chicken may ease pressure after a tougher second quarter.

With beef prices set to soar, can Texas Roadhouse's financial success truly last?

Will government probes and new imports actually lower your steak dinner price this year?