The stock of Texas Roadhouse Inc. (NASDAQ:TXRH) last traded at $93.20, up 2.47% from the previous session.
Data from the available sources indicates that Texas Roadhouse Inc. (NASDAQ:TXRH) is covered by 25 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $121.00 and a low of $86.00, we find $105.00. Given the previous closing price of $90.95, this indicates a potential upside of 15.45 percent. TXRH stock price is now -4.15% away from the 50-day moving average and 7.00% away from the 200-day moving average. The market capitalization of the company currently stands at $6.37B.
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In total, 11 analysts have assigned it a hold rating, and 13 have given it a buy rating. Brokers who have rated the stock have averaged $104.43 as their price target over the next twelve months.
With the price target enhanced from $100 to $101, Deutsche Bank Downgraded its rating from Buy to Hold for Texas Roadhouse Inc. (NASDAQ: TXRH). On September 23, 2022, Stephens recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $90, while ‘BofA Securities’ rates the stock as ‘Buy’.
In other news, ZARLEY JAMES R, Director sold 42,500 shares of the company’s stock on Nov 22. The stock was sold for $4,144,175 at an average price of $97.51. Upon completion of the transaction, the Director now directly owns 32,843 shares in the company, valued at $3.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 04, Director MOORE GREGORY N sold 1,000 shares of the business’s stock. A total of $98,310 was realized by selling the stock at an average price of $98.31. This leaves the insider owning 54,850 shares of the company worth $5.11 million. Insiders disposed of 131,687 shares of company stock worth roughly $12.27 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TXRH stock. A new stake in Texas Roadhouse Inc. shares was purchased by BALYASNY ASSET MANAGEMENT LLC during the first quarter worth $50,844,000. LORD, ABBETT & CO. LLC invested $39,337,000 in shares of TXRH during the first quarter. In the first quarter, LANDSCAPE CAPITAL MANAGEMENT, L.L.C. acquired a new stake in Texas Roadhouse Inc. valued at approximately $13,082,000. SCOPUS ASSET MANAGEMENT, L.P. acquired a new stake in TXRH for approximately $11,650,000. DRIEHAUS CAPITAL MANAGEMENT LLC purchased a new stake in TXRH valued at around $11,051,000 in the second quarter. In total, there are 448 active investors with 100.00% ownership of the company’s stock.
With an opening price of $92.17 on Tuesday morning, Texas Roadhouse Inc. (NASDAQ: TXRH) set off the trading day. During the past 12 months, Texas Roadhouse Inc. has had a low of $68.58 and a high of $101.75. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 0.50, and a quick ratio of 0.50. The fifty day moving average price for TXRH is $97.23 and a two-hundred day moving average price translates $87.10 for the stock.
The latest earnings results from Texas Roadhouse Inc. (NASDAQ: TXRH) was released for Jun, 2022. According to the Restaurants Company, earnings per share came in at $0.93, beating analysts’ expectations of $0.89 by 0.04. This compares to $0.77 EPS in the same period last year. The net profit margin was 6.70% and return on equity was 26.30% for TXRH. The company reported revenue of $993.3 million for the quarter, compared to $868.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.31 percent. For the current quarter, analysts expect TXRH to generate $1B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/23/2022. Investors who held shares on 12/07/2022 were paid a $0.46 dividend. On an annualized basis, this represents a $1.84 dividend and a 1.97% percent yield. There was an ex-dividend date of 12/06/2022 for this dividend. In terms of dividend payout ratio, TXRH is presently at 23.90%.
Texas Roadhouse Inc.(TXRH) Company Profile
Texas Roadhouse, Inc., together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba’s 33, and Jaggers names. As of December 28, 2021, it operated 566 domestic restaurants and 101 franchise restaurants. Texas Roadhouse, Inc. was founded in 1993 and is based in Louisville, Kentucky.
