Texas Roadhouse puts off price hikes

LOUISVILLE Ky. Amid general market gains on Tuesday, Texas Roadhouse Inc. stock fell 5.6 percent after the casual-dining operator reported a 15-percent drop in fourth-quarter profit late Monday, and also said it would not yet raise menu prices.

 

The move to halt price hikes, according to some observers, may reflect further erosion in guest traffic among price-sensitive consumers who typically frequent lower-priced dinnerhouses like Texas Roadhouse.

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