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Stock impact report

Why Texas Roadhouse's Stock Fell 26% in March [The Motley Fool]

Texas Roadhouse, Inc. (TXRH) 
Last texas roadhouse, inc. earnings: 2/20 04:03 pm Check Earnings Report
Company Research Source: The Motley Fool
What happenedShares ofTexas Roadhouse(NASDAQ:TXRH Global Market IntelligenceThe steakhouse chain remains one of my favoriterestaurant stocksImage source: Getty Images.So whatThough many states in the USA have implemented limited or no in-restaurant dine-ins, Texas Roadhouse had announced in mid-March that it hasn't closed any domestic restaurants because of the outbreak. These restaurants continue to operate in a full, limited, or to-go (i.e., take-out) capacity even if their dining room areas may be closed.The company has even ramped up its to-go, family pack, and curbside services, providing food for families as they hunker down to contain the spread of the pathogen. Texas Roadhouse is not just doing its part for the community, but it has also adapted its business operations to this new reality.However, because of the fluid situation around COVID-9, the company is withdrawing its financial guidance for fiscal 00. It has also increased its cash position by drawing down on its $90 mil Show less Read more
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