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Should you sell your shares of Texas Roadhouse?

Posted on 2/8/24 at 11:59 am
Posted by F1y0n7h3W4LL
Below I-10
Member since Jul 2019
1478 posts
Posted on 2/8/24 at 11:59 am
What a Meatless Future Could Mean For Farmers

Texas Roadhouse Inc
As of February 8, 2024 • 11:41 AM CST
NASDAQ: TXRH
135.015USD
+2.405(1.81%)

It's a dream for certain people who want meat out of the market in 10 years. I can't see it becoming a reality, but I never saw electric cars coming either.

There are those who see it as an environmental issue, some see it as a health issue, and others as a moral issue.

"The new generation of meatless meat companies has been vocal in its ambition to remake our food system. Impossible Foods CEO Pat Brown has said he wants to end all animal farming by 2035. Beyond Meat CEO Ethan Brown (no relation) sees his company working to make this “the first generation of humans to separate meat from animals.

Signs of such a shift are emerging. According to a USDA-funded report, rising plant-based milk sales could be a factor in the decline of cow’s milk consumption (though overall dairy consumption is on the rise, thanks to cheese). An Israeli startup that makes cell-based or “lab-grown” meat just opened a pilot facility to produce 5,000 slaughter-free burgers a day. And looking ahead, the CEO of beef giant Cargill said that plant-based meat could make up as much as 10 percent of the meat market within a few years.


A largely plant-based future would be a win for livestock, 99 percent of which is raised in factory farms, and the environment, as industrial animal agriculture is a major source of pollution. But it would also cause a massive shift in a huge part of the economy — one that could lead to dislocation and upheaval for the hundreds of thousands of farmers and meatpacking workers who make their livelihood from raising and slaughtering animals. What does the future look like for them?"




Posted by Proximo
Member since Aug 2011
15548 posts
Posted on 2/8/24 at 12:00 pm to
texas roadhouse is the next gamestop baw
Posted by LegendInMyMind
Member since Apr 2019
53848 posts
Posted on 2/8/24 at 12:01 pm to
quote:

meatless meat

Some of the most processed, unhealthy food there is.
Posted by momentoftruth87
Member since Oct 2013
71421 posts
Posted on 2/8/24 at 12:02 pm to
Would have never guessed that’s what their stock price would be.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48466 posts
Posted on 2/8/24 at 12:03 pm to
Yep. I'm not going to eat that shite. Meanwhile, Beyond Meat's stock has gone from $145 to $6 in 3 years
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8766 posts
Posted on 2/8/24 at 12:03 pm to
Beyond’s stock price has absolutely tanked and they are facing multiple lawsuits.
Posted by Swiss Alps
Member since Feb 2024
153 posts
Posted on 2/8/24 at 12:04 pm to
quote:

Some of the most processed, unhealthy food there is.


exactly, frick vegans and vegatarians.
Posted by TheWalrus
Member since Dec 2012
40468 posts
Posted on 2/8/24 at 12:05 pm to
Alternative proteins were hot a few years ago and have flamed out, meat isn’t going away any time soon.
This post was edited on 2/8/24 at 12:05 pm
Posted by F1y0n7h3W4LL
Below I-10
Member since Jul 2019
1478 posts
Posted on 2/8/24 at 12:05 pm to
quote:

quote:
meatless meat


Some of the most processed, unhealthy food there is.


I've been warned against my love of (Vienna Sausage) hurricane food.
Posted by dnm3305
Member since Feb 2009
13563 posts
Posted on 2/8/24 at 12:05 pm to
frick those motherfricking pieces of shite
Posted by LordSaintly
Member since Dec 2005
38874 posts
Posted on 2/8/24 at 12:06 pm to
quote:

Beyond Meat's stock has gone from $145 to $6 in 3 years


Buy the dip!
Posted by Thib-a-doe Tiger
Member since Nov 2012
35348 posts
Posted on 2/8/24 at 12:07 pm to
Only meat alternative in my house is Jody
Posted by BluegrassBelle
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
98952 posts
Posted on 2/8/24 at 12:08 pm to
quote:

Alternative proteins were hot a few years ago and have flamed out, meat isn’t going away any time soon.


Also worth noting that something like 10 million Americans are iron deficient. The best, healthiest way of raising your iron is through your diet and through heme sources. Lean meat and seafood specifically. And a lot of folks can't tolerate iron supplements well.

You'd have a bit of a major health crisis if you eliminated red meat as a source of food for most Americans.
Posted by Corinthians420
Iowa
Member since Jun 2022
6514 posts
Posted on 2/8/24 at 12:09 pm to
quote:

Would have never guessed that’s what their stock price would be.

Texas Roadhouse and Saltgrass are the 2 chain steakhouses that are the most reliable as far as quality and also their prices aren't that bad.
Posted by jcaz
Laffy
Member since Aug 2014
15581 posts
Posted on 2/8/24 at 12:09 pm to
Yeah I'm shorting that fake meat stock.
Posted by BluegrassBelle
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
98952 posts
Posted on 2/8/24 at 12:10 pm to
quote:

Texas Roadhouse and Saltgrass are the 2 chain steakhouses that are the most reliable as far as quality and also their prices aren't that bad.


And Texas Roadhouse is managed as a corporation really well too. I know several folks who work for their HQ here and they love the company.
Posted by terriblegreen
Souf Badden Rewage
Member since Aug 2011
9607 posts
Posted on 2/8/24 at 12:10 pm to
I will stop eating meat when they pry the steak out of my cold dead hands.
Posted by LegendInMyMind
Member since Apr 2019
53848 posts
Posted on 2/8/24 at 12:10 pm to
quote:

I've been warned against my love of (Vienna Sausage) hurricane food.

They're probably less processed than the non meat meat.
Posted by dgnx6
Baton Rouge
Member since Feb 2006
68526 posts
Posted on 2/8/24 at 12:11 pm to
How are we going to do imitation crawfish boils?

I'll just stick to meat and veggies, I'm out.

Posted by Scuttle But
Member since Nov 2023
1301 posts
Posted on 2/8/24 at 12:13 pm to
I can't see this meatless thing ever really taking hold. Even most hard core lefty lunatics I know like a a good steak or burger. There's really not that many vegans and vegetarians out there.
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