The stock of Texas Roadhouse Inc. (NASDAQ:TXRH) decreased by -$0.51 on Friday to finish at $104.45, down -0.49 percent. The last five days have seen an average of 913,340 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $13.50. The average number of shares traded over the last 20 days was 816,760, while the average volume over the last 50 days totaled 1,107,056.
TXRH stock dropped -6.92% since last month. On 08/22/23, the company’s shares reached a one-month low of $102.85. The stock touched a high of $118.16 on 07/19/23, after rallying from a low of $83.29 in 52 weeks. The price of TXRH stock has risen by 14.84% or $13.50 this year, reaching a new high 23 times. Still, the stock price is down -11.60% from the 52-week high.
Insider Transactions
TXRH stock investors should be aware that Texas Roadhouse Inc. (TXRH) stock had its last reported insider trading activity 20 days ago on Aug 08. On Aug 08, Director MOORE GREGORY N sold 2,000 shares at $108.88 each. This transaction resulted in the insider making $217,760. On May 18, Morgan Gerald L. sold 2,500 shares at a price of US$115.00. After the transaction, the insider now owns 94,824 shares. Director MOORE GREGORY N had earlier sold 6,000 shares on May 08 for $109.06 a share. The transaction was completed for $654,360.
Valuation Metrics
Texas Roadhouse Inc. (TXRH) has a trailing price-to-earnings (P/E) ratio of 24.14. Beta for the stock is 0.97. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.61, the price-to-book (PB) ratio of 6.46, and the price-to-cash flow ratio of 33.49.
Company paid $0.55 per share in dividends, remained unchanged from $0.55 last year.
Financial Health
For the three months ended June 29, Texas Roadhouse Inc.’s quick ratio was 0.30, while its current ratio was 0.40, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 65.40% percent. Texas Roadhouse Inc.’s EBITDA margin for the year ended June 29 was 11.98%, whereas its operating margin stood at 7.80% for the same period. Based on annual data, it had gross profit of $653.63 million and revenue of $4.01 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TXRH’s return on assets (ROA) during the last 12 months has been 11.80%. There was a 26.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 28.20%.
Earnings Surprise
According to Texas Roadhouse Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.17 billion, while revenues rose by 12.52% to $1.17 billion. It was predicted that Texas Roadhouse Inc.’s quarterly earnings would be $1.22, but it ended up being $1.2, beating the consensus by 1.70%. EBITDA was $132.82 million for the quarter. At the end of Texas Roadhouse Inc.’s most recent quarter ended June 29, its liabilities totaled 1.42 billion, while its total debt was $739.81 million. Equity owned by shareholders amounts to $66.75 million.
Technical Picture
Here’s a quick look at Texas Roadhouse Inc.’s (TXRH) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 35.98%, suggesting the stock is Neutral, with a 16.32% historical volatility rate.
The stochastic %K and %D were 29.64% and 25.93% respectively, while the average true range (ATR) was 1.91. Based on the 14-day stochastic reading of 22.54%, the RSI (14) reading is 37.03%. On the 9-day MACD Oscillator, the stock is at 0.20, and the 14-day reading is at -0.91.
Analyst Ratings
In its analyst report released on July 19, 2023, Guggenheim began covering Texas Roadhouse Inc. (NASDAQ: TXRH). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Texas Roadhouse Inc. (TXRH) an Overweight rating. TXRH is a stock that is recommended for selling by 1 brokerage firm, while 13 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 11 others recommend it as a buy.
What is TXRH’s price target for the next 12 months?
The current consensus forecast for the stock is between $103.00 and $155.00, with a median target price of $120.00. In analyzing these forecasts, the average price target given by analysts for Texas Roadhouse Inc. (TXRH) is $121.24.
