Jim Cramer on Texas Roadhouse: "That's the Name to Be In"

Texas Roadhouse, Inc. (NASDAQ:TXRH) is one of the stocks that Jim Cramer shared insight on. Cramer highlighted that the Charitable Trust continues to invest in the stock. He said:

“In America, we have the smallest herd of cattle since the 1950s. That’s shocking. Is it any wonder why the stock of Texas Roadhouse, a huge meat buyer for its $11 steak dinner, didn’t make its quarter? It’s because of this… We haven’t seen anything close to this since cattle prices peaked in 2014. At the time, the fundamental narrative was as overwhelmingly positive as it is today, but… that didn’t prevent the cattle market from giving back the entire rally over the next two years.

Garner’s (Carley Garner, a seasoned market technician, co-founder of DeCarly Trading, and author of Higher Probability Commodity Trading) betting that scenario will repeat itself, which means eventually we could be looking at $1.25 cattle. I know that’s hard to believe, but if history’s any guide, Garner’s on the right track, and if she’s on the right track, I gotta tell you, after a weak quarter that Texas Roadhouse I believe is having right now, that’s the name to be in. That’s why our Charitable Trust continues to buy it.”

Texas Roadhouse, Inc. (NASDAQ:TXRH) is a casual dining restaurant chain with locations throughout the United States and in international markets.

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Disclosure: None. This article is originally published at Insider Monkey.