In yesterday’s Wall Street session, Texas Roadhouse Inc. (NASDAQ:TXRH) shares traded at $109.61, down -2.33% from the previous session.
25 analysts cover Texas Roadhouse Inc. (NASDAQ:TXRH), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $155.00 and a low of $103.00, we find $120.00. Given the previous closing price of $112.22, this indicates a potential upside of 6.93 percent. TXRH stock price is now -1.82% away from the 50-day moving average and 5.30% away from the 200-day moving average. The market capitalization of the company currently stands at $7.52B.
The stock has received a hold rating from 13 analysts and a buy rating from 11. Brokers who have rated the stock have averaged $121.24 as their price target over the next twelve months.
With the price target of $130, Guggenheim recently initiated with Buy rating for Texas Roadhouse Inc. (NASDAQ: TXRH).
In other news, Morgan Gerald L., CHIEF EXECUTIVE OFFICER sold 2,500 shares of the company’s stock on May 18. The stock was sold for $287,500 at an average price of $115.00. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 94,824 shares in the company, valued at $10.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08, Director MOORE GREGORY N sold 6,000 shares of the business’s stock. A total of $654,360 was realized by selling the stock at an average price of $109.06. This leaves the insider owning 51,050 shares of the company worth $5.6 million. Insiders disposed of 126,712 shares of company stock worth roughly $13.89 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 STEADFAST CAPITAL MANAGEMENT LP during the first quarter worth $46,584,000. WESTFIELD CAPITAL MANAGEMENT CO LP invested $44,610,000 in shares of TXRH during the first quarter. In the first quarter, COOKSON PEIRCE & CO INC acquired a new stake in Texas Roadhouse Inc. valued at approximately $22,089,000. WOODLINE PARTNERS LP acquired a new stake in TXRH for approximately $15,222,000. INTRINSIC EDGE CAPITAL MANAGEMENT LLC purchased a new stake in TXRH valued at around $14,244,000 in the second quarter. In total, there are 533 active investors with 102.93% ownership of the company’s stock.
On Friday morning Texas Roadhouse Inc. (NASDAQ: TXRH) stock kicked off with the opening price of $113.00. During the past 12 months, Texas Roadhouse Inc. has had a low of $83.29 and a high of $118.16. 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 0.40. According to the stock market information, the enterprise value for the company is $7.95B, which is based on a 25.34 price-to-earnings ratio, a 1.37 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for TXRH is $111.64 and a two-hundred day moving average price translates $104.20 for the stock.
The latest earnings results from Texas Roadhouse Inc. (NASDAQ: TXRH) was released for Jun, 2023. According to the Restaurants Company, earnings per share came in at $1.22, beating analysts’ expectations of $1.2 by 0.02. This compares to $1.11 EPS in the same period last year. The net profit margin was 6.20% and return on equity was 27.10% for TXRH. The company reported revenue of $1.17 billion for the quarter, compared to $987.49 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.92 percent. For the current quarter, analysts expect TXRH to generate $1.11B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/23/2023. Investors who held shares on 06/07/2023 were paid a $0.55 dividend. On an annualized basis, this represents a $2.20 dividend and a 2.01% percent yield. There was an ex-dividend date of 06/06/2023 for this dividend. In terms of dividend payout ratio, TXRH is presently at 46.20%.
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 in 49 states and ten internationally. Texas Roadhouse, Inc. was founded in 1993 and is based in Louisville, Kentucky.
