A share price of Texas Roadhouse Inc [TXRH] is currently trading at $165.46, down -3.93%. An important factor to consider is whether the stock is rising or falling in short-term value. The TXRH shares have lost -3.56% over the last week, with a monthly amount drifted -3.16%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On March 13, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $175 on the stock. Northcoast downgraded its rating to a Neutral. JP Morgan upgraded its rating to a Neutral but $120 remained the price target by the analyst firm on January 23, 2024. Piper Sandler downgraded its rating to Neutral for this stock on December 01, 2023, but kept the price target unchanged to $110. In a note dated October 19, 2023, Deutsche Bank initiated an Buy rating and provided a target price of $111 on this stock.
Texas Roadhouse Inc experienced fluctuations in its stock price throughout the past year between $91.06 and $175.72. Currently, Wall Street analysts expect the stock to reach $145.1 within the next 12 months. Texas Roadhouse Inc [NASDAQ: TXRH] shares were valued at $165.46 at the most recent close of the market. An investor can expect a potential drop of -12.31% based on the average TXRH price forecast.
Analyzing the TXRH fundamentals
Trailing Twelve Months sales for Texas Roadhouse Inc [NASDAQ:TXRH] were 4.78B which represents 12.51% growth. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.29 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 163.27 points at the first support level, and at 161.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 169.60, and for the 2nd resistance point, it is at 173.75.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Texas Roadhouse Inc [NASDAQ:TXRH] is 0.50. On the other hand, the Quick Ratio is 0.45, and the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 2.31, the price to book ratio is 9.16 and price to earnings (TTM) ratio is 33.48.
Transactions by insiders
Recent insider trading involved Morgan Gerald L., CHIEF EXECUTIVE OFFICER, that happened on May 28 ’24 when 15000.0 shares were sold. CHIEF TECHNOLOGY OFFICER, Mujica Hernan E. completed a deal on May 20 ’24 to sell 3000.0 shares. Meanwhile, Director MOORE GREGORY N sold 6300.0 shares on May 09 ’24.
