They Love Them Some Texas Roadhouse in Dubai

If you scroll through TXRH's corporate website and hunt for International Locations, it is interesting to see that Dubai has, by a long shot, the most Texas Roadhouse franchises of any place in the world outside of America. Kuwait City is not far behind. Of course, the U.S. military presence in those places may be a factor in terms of demand. 

Headquartered in Louisville, Kentucky, it is also noteworthy that there are no European locations, nor in Canada (!), giving more than a glimmer of hope into the future that the mid-range steakhouse has plenty of growth ahead. 

Either way, the TXRH chart, updated on the daily timeframe, below, is as strong as any of the major steakhouse chains, be it BLMN (Outback) RUTH, or the very high-end DFRG. 

TXRH always seems to be packed and in demand, which makes for some fascinating anticipation of the looming April 30th earnings. Until then, along with a few other standouts we are tracking for Members in the casual dining space, TXRH looks like a good long idea into this broad market bounce above recent highs this morning.