Texas Roadhouse Inc (NASDAQ: TXRH)’s stock price has gone decline by -2.21 in comparison to its previous close of 171.57, however, the company has experienced a 0.16% increase in its stock price over the last five trading days. zacks.com reported 2024-07-18 that Texas Roadhouse (TXRH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Texas Roadhouse Inc (NASDAQ: TXRH) Right Now?
The price-to-earnings ratio for Texas Roadhouse Inc (NASDAQ: TXRH) is above average at 33.95x. The 36-month beta value for TXRH is also noteworthy at 1.02. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TXRH is 66.45M, and at present, short sellers hold a 2.52% of that float. The average trading volume of TXRH on July 18, 2024 was 806.82K shares.
TXRH’s Market Performance
TXRH stock saw a decrease of 0.16% in the past week, with a monthly decline of -2.24% and a quarterly a decrease of 12.30%. The volatility ratio for the week is 2.13%, and the volatility levels for the last 30 days are 2.24% for Texas Roadhouse Inc (TXRH). The simple moving average for the past 20 days is -1.38% for TXRH’s stock, with a 22.05% simple moving average for the past 200 days.
Analysts’ Opinion of TXRH
Many brokerage firms have already submitted their reports for TXRH stocks, with Stephens repeating the rating for TXRH by listing it as a “Equal-Weight.” The predicted price for TXRH in the upcoming period, according to Stephens is $150 based on the research report published on April 12, 2024 of the current year 2024.
Robert W. Baird gave a rating of “Outperform” to TXRH, setting the target price at $175 in the report published on March 13th of the current year.
TXRH Trading at -0.95% from the 50-Day Moving Average
After a stumble in the market that brought TXRH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.52% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 2.13%, as shares sank -1.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.04% upper at present.
During the last 5 trading sessions, TXRH rose by +0.18%, which changed the moving average for the period of 200-days by +74.62% in comparison to the 20-day moving average, which settled at $170.00. In addition, Texas Roadhouse Inc saw 37.26% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TXRH starting from Morgan Gerald L., who sale 15,000 shares at the price of $171.70 back on May 28 ’24. After this action, Morgan Gerald L. now owns 77,847 shares of Texas Roadhouse Inc, valued at $2,575,500 using the latest closing price.
Mujica Hernan E., the CHIEF TECHNOLOGY OFFICER of Texas Roadhouse Inc, sale 3,000 shares at $168.60 during a trade that took place back on May 20 ’24, which means that Mujica Hernan E. is holding 17,842 shares at $505,800 based on the most recent closing price.
Stock Fundamentals for TXRH
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.15 for the gross margin
The net margin for Texas Roadhouse Inc stands at 0.07. The total capital return value is set at 0.19. Equity return is now at value 29.32, with 12.50 for asset returns.
Based on Texas Roadhouse Inc (TXRH), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.78. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is 538.85.
Currently, EBITDA for the company is 538.1 million with net debt to EBITDA at 1.03. When we switch over and look at the enterprise to sales, we see a ratio of 2.47. The receivables turnover for the company is 88.65for trailing twelve months and the total asset turnover is 1.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.
Conclusion
In summary, Texas Roadhouse Inc (TXRH) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
