Is Texas Roadhouse Stock a Buy?

While promising data on the coronavirus vaccine front has boosted the prices of casual dining company stocks lately, the pandemic has created a difficult operating environment for the sector. Naturally, this includes Texas Roadhouse (NASDAQ: TXRH).

However, the timing and distribution of a vaccine remain uncertain. In the meantime, cases are spiking throughout the U.S., and local authorities are reimposing certain restrictions, including on dining establishments. Therefore, Texas Roadhouse continues to face challenges.

However, all is not glum for the company. There are reasons patient investors are likely to get rewarded by owning the stock.

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Source Fool.com