Here are two PGI buys with bright futures: Texas Roadhouse and Major Drilling

Article Excerpt

Long-time readers know that we keep you informed of important news about the stocks we cover. That means highlighting developments that promise to brighten their outlook. Here are two buys that stand out this month: TEXAS ROADHOUSE $97.21 (Nasdaq symbol TXRH; TSINetwork Rating: Extra Risk) (www.texasroadhouse.com; Shares o/s: 69.6 million; Market cap: $6.6 billion; No dividends paid) is a full-service, casual-dining restaurant chain with 634 locations spread across 49 U.S. states and 10 foreign countries. In the quarter ended December 29, 2020, sales fell 12.0% in the wake of the coronavirus, to $638.0 million from $725.2 million a year earlier. The company made $19.5 million, or $0.28 a share, in the latest quarter. That was down 54.2% from $42.7 million, or $0.61. During the pandemic, Texas Roadhouse has successfully expanded its takeout, pick-up and delivery business. Its own mobile ordering app is also encouraging repeat business. These moves have propelled the stock to new all-time highs over the last year. Not only that, the addition of…