As of Friday close, Texas Roadhouse Inc.’s (NASDAQ:TXRH) stock was up $0.38, moving up 0.36 percent to $104.69. The average number of shares traded per day over the past five days has been 809,540 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.32 fall in that time frame. In the last twenty days, the average volume was 977,195, while in the previous 50 days, it was 1,095,462.
Since last month, TXRH stock retreated -9.83%. Shares of the company fell to $103.86 on 08/18/23, the lowest level in the past month. A 52-week high of $118.16 was reached on 07/19/23 after having rallying from a 52-week low of $83.29. Since the beginning of this year, TXRH’s stock price has risen by 15.11% or $13.74, and marked a new high 23 times. However, the stock has declined by -11.40% since its 52-week high.
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TXRH stock investors should be aware that Texas Roadhouse Inc. (TXRH) stock had its last reported insider trading activity 11 days ago on Aug 08. MOORE GREGORY N, the Director of the company, disposed of 2,000 shares for $108.88 on Aug 08. It resulted in a $217,760 divestment by the insider. Morgan Gerald L. sold 2,500 shares at an average price of $115.00 on May 18. The insider now owns 94,824 shares following the transaction. On May 08, Director MOORE GREGORY N sold 6,000 shares at $109.06 apiece. The transaction was valued at $654,360.
Valuation Metrics
Right now, Texas Roadhouse Inc. (TXRH) has a P/E ratio of about 24.20. The stock’s beta is 0.97. Besides these, the trailing price-to-sales (P/S) ratio of 1.61, the price-to-book (PB) ratio of 6.47, and the price-to-cash flow ratio of 33.42 may also be considered.
The latest dividend of $0.55 per share was paid out, remained unchanged from last year’s $0.55.
Financial Health
In the three months ended June 29, Texas Roadhouse Inc.’s quick ratio stood at 0.30, while its current ratio was 0.40, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 65.40% percent. In the year ended June 29, EBITDA margin amounted to 11.98%, whereas operating margins totaled 7.80%. Based on annual data, TXRH earned $653.63 million in gross profit and brought in $4.01 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 26.00%. Return on equity (ROE) for the past 12 months was 28.20%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TXRH’s revenue rose 12.52% to $1.17 billion during the quarter, while net income inched up to $1.17 billion. While analysts expected Texas Roadhouse Inc. to report $1.2 quarterly earnings, the actual figure was $1.22 per share, beating the consensus estimate by 1.70%. During the quarter, the company generated $132.82 million in EBITDA. The liabilities of Texas Roadhouse Inc. were 1.42 billion at the end of its most recent quarter ended June 29, and its total debt was $739.81 million. The value of shareholders’ equity is $66.75 million.
Technical Picture
This quick technical analysis looks at Texas Roadhouse Inc.’s (TXRH) price momentum. With a historical volatility rate of 7.63%, the RSI 9-day stood at 24.42% on 18 August.
With respect to its five-day moving average, the current Texas Roadhouse Inc. price is down by -3.07% percent or -$3.32. At present, TXRH shares trade -9.66% below its 20-day simple moving average and +0.11% percent above its 100-day simple moving average. However, the stock is currently trading approximately -5.63% below its SMA50 and +5.80% above its SMA200.
Stochastic coefficient K was 5.09% and Stochastic coefficient D was 7.35%, while ATR was 1.81. Given the Stochastic reading of 9.67% for the 14-day period, the RSI (14) reading has been calculated as 31.20%. As of today, the MACD Oscillator reading stands at -1.97, while the 14-day reading stands at -3.23.
Analyst Ratings
Guggenheim launched its rating on Texas Roadhouse Inc. (NASDAQ: TXRH) to a Buy in a note to investors on July 19, 2023. Texas Roadhouse Inc. (TXRH) has been rated Overweight by analysts. According to 1 brokerage firm, TXRH is a sell, and 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Texas Roadhouse Inc. stock as buy, with 11 recommending it as overweight.
With a median target price of $120.00, the current consensus forecast for the stock is $103.00 – $155.00. Based on these forecasts, analysts predict Texas Roadhouse Inc. (TXRH) will achieve an average price target of $121.24.
