Top 6 Stocks to Buy for October

These household names should perform well despite a slight correction in the overall market

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Top Stock to Buy #6 – Texas Roadhouse (TXRH)

Texas Roadhouse (TXRH), a national chain of casual dining restaurants, has had five successive years of earnings growth and is expected to earn $1.31 per share next year versus $1.15 in 2014. It has taken market share from LongHorn Steakhouse, owned by Darden Restaurants (DRI), and Ruth’s Chris (RUTH) through lower price points and store expansion.

Some analysts believe that the company can’t keep up the pace of the last two years, but company management is optimistic, planning a 1% increase in prices that should make Wall Street’s estimates too conservative.

The stock broke above a triple-top in mid-September on high volume and appears headed to a trading target of $28 to $32. Buy TXRH at the market with a stop-loss order at $23.

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