Markets

Consumer Staple Stocks Ending on a High Note; Texas Roadhouse Eases After Hitting All-Time High

Top Consumer Stocks,

WMT +1.08%

MCD +0.63%

DIS -0.40%

CVS +0.65%

KO +1.45%

Consumer stocks are mixed with shares of consumer staples companies in the S&P 500 jumping over 1.1%. Shares of consumer discretionary firms in the S&P 500 are down 0.3%.

In company news, Texas Roadhouse ( TXRH ) is up about 1% at $28.13 a share, earlier reaching an all-time high of $28.81 prior to a mid-day trading halt and Q3 results for restaurant chain that narrowly missed analyst expectations.

TXRH reported Q3 EPS of $0.24, down from a $0.25 during the prior year period and also missing the Capital IQ consensus by $0.01 per share. TXRH said its results were helped by positive comp store sales, which increased 3.4% compared to the prior year period.

In other sector news,

(+) BDLR, Imperial Capital raises price target for the building-products supplier by 50 cents to $8.50 a share.

(+) JCP, CEO Myron Ullman reassures attendees at investor conference today that Q3 same-store sales for department-store retailer are expected to rise as previously stated. He also said employee morale is better than expected.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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