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This Steakhouse Play Keeps Sizzling (Multiple Winners)

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Trade of the Day Wake-Up Watchlist

"Texas Roadhouse is one of the few restaurant chains thriving right now."

Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance

Bryan Bottarelli

Last month, I noted that when popular chains like Red Lobster and TGI Friday's go belly up, it opens the door for money to flow over to survivors.

The key is finding which companies are primed to thrive.

One surviving company has been Texas Roadhouse (TXRH).

You see… while every restaurant is seeing foot traffic decline by 0.2% in 2024, Texas Roadhouse is actually growing traffic by 7.2%.

The steak restaurant also recently surpassed Olive Garden as the most popular dining chain – surpassing Olive Garden.

It's why I've been recommending TXHR multiple times in The War Room, and the result has been multiple winners this week alone.

On Monday, I played a gap-fill move in TXRH and closed for an 15% winner in less than 1 trading day.

 

On Tuesday, I continued to play the gap on TXRH and closed for a 10% winner in less than a few hours.

 

Several War Room members were in on this trade.

Here's what they had to say…

 

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Action Plan: Texas Roadhouse is one of the top surviving restaurant chains in the country right now, and I believe it still has room to move up. I'm calling for a potential move as high as $185, and will be looking to get in on another trade at the right time.

If you want to hit these winners alongside us, you're invited to join The War Room– where millionaires trade and where we turn restaurant bankruptcies into our biggest opportunities.

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