Beef costs are still pressuring portfolio name Texas Roadhouse and leading to shakeups at other industry players.
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High beef prices continued to weigh on profitability, overshadowing what was otherwise a solid quarter.
The steakhouse has been doing a great job on things it can control, but high beef prices are still a problem.
Shares of the restaurant chain fell more than 1% in extended trading. Beef prices are part of the reason why.
Live cattle futures have started to decline, fueling hopes for a relief in beef prices.
The move higher in the stock after-hours erases Thursday's regular-hours trading losses.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
