What Analysts Say about the Texas Roadhouse Inc. (TXRH) Stock

Texas Roadhouse Inc. (NASDAQ:TXRH) saw an upside of 4.22% to close Friday at $95.18 after adding $3.85 on the day. The 5-day average trading volume is 580,940 shares of the company’s common stock. It has gained $97.43 in the past week and touched a new high 1 time within the past 5 days. An average of 666,085 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 789,862.

TXRH’s 1-month performance is -0.47% or -$0.45 on its low of $88.68 reached on 09/21/21. The company’s shares have touched a 52-week low of $61.11 and high of $110.75, with the stock’s rally to the 52-week high happening on 04/30/21. YTD, TXRH has achieved 21.78% or $17.02 and has reached a new high 21 times. However, the current price is down -14.06%% from the 52-week high price.


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Insider Transactions

On Aug 10, 53 days have gone by since the last insider trading activity for Texas Roadhouse Inc. (TXRH). Colson Christopher C. (General Counsel) most recently sold 259 shares at $90.50 per share on Aug 10. This transaction cost the insider $23,440. General Counsel, Colson Christopher C., sold 259 shares at a price of $104.03 on May 10. Then, on May 06, Director ZARLEY JAMES R sold 33,121 shares at a price of $103.02 per share. This transaction amounted to $3,412,125.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 218.36 and a low of 12.36. TXRH stock has a beta of 1.09. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.20 while the price-to-book (PB) in the most recent quarter is 6.35, with the price to cash flow ratio at 21.26.

Texas Roadhouse Inc. pays an annual dividend of $1.60 per share. Its dividend yield is 1.68% and the payout ratio is 29.60%. TXRH’s most recent quarterly dividend payment was made on Sep. 24, when it paid $0.40 a share compared with prior rate of $0.40, down 0.0% from last year’s. The company has boosted its dividend for the last 10 consecutive years with the latest dividend increase of $0.04 reported on Wednesday April 28 2021. Measured over the last 3 years, the Dividend has been growing by -57.14% yearly.

It is projected that Texas Roadhouse Inc.’s next ex-dividend date will be on 10-Dec. TXRH is expected to distribute $0.40 as its next dividend.

Texas Roadhouse Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.20 meaning that TXRH stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.18, while the total debt to equity was 0.18. In terms of profitability, the gross margin trailing 12 months is 67.90%The trailing 12-month EBITDA margin is 6.84% while for the period ending June 29; Texas Roadhouse Inc.’s operating margin was 7.60%. The firm’s gross profit as reported stood at $283.59 million against revenue of $2.4 billion.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Texas Roadhouse Inc.’s return on assets over the past 12 months stands at 8.00%. Return on investment over the past year is 3.40%, while its return on equity (ROE) trailing 12 months is 19.50%. In comparison, the average ROE for the broader industry over the past year is -6.72.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected TXRH to announce $0.99 per share in earnings in its latest quarter, but it posted $1.08, representing a 9.10% surprise. EBITDA for the quarter stood at more than $121.38 million. TXRH stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.39 billion, with total debt at $801.02 million. Shareholders hold equity totaling $69.83 million

Technical Picture

Let’s look briefly at Texas Roadhouse Inc. (TXRH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 60.06% to suggest the stock is trending Neutral, with historical volatility in this time period at 34.13%.

The stock’s 5-day moving average is $93.52, reflecting a +0.49% or $0.46 change from its current price. TXRH is currently trading +0.20% above its 20-day SMA, -4.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -1.30% and +20.04% respectively.

Stochastic %K and %D was 48.42% and 49.02% and the average true range (ATR) pointed at 2.62. The RSI (14) points at 56.98%, while the 14-day stochastic is at 74.29% with the period’s ATR at 2.51. The stock’s 9-day MACD Oscillator is pointing at 0.05 and 0.66 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Texas Roadhouse Inc. (NASDAQ: TXRH), Deutsche Bank upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for TXRH stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate TXRH as a “sell,”, while 16 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.

What is TXRH’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $90.00 and a high of $130.00, with their median price target at $104.00. Looking at these predictions, the average price target given by analysts is for Texas Roadhouse Inc. (TXRH) stock is $105.10.

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