Currently, Texas Roadhouse Inc [TXRH] is trading at $172.49, up 5.75%. An important factor to consider is whether the stock is rising or falling in short-term value. The TXRH shares have gain 6.57% over the last week, with a monthly amount glided 3.45%, and 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.
This stock has fluctuated between a low of $91.06 and a high of $177.72 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $148.4 within the next 12 months. Texas Roadhouse Inc [NASDAQ: TXRH] shares were valued at $172.49 at the most recent close of the market. An investor can expect a potential drop of -13.97% based on the average TXRH price forecast.
Analyzing the TXRH fundamentals
Trailing Twelve Months sales for Texas Roadhouse Inc [NASDAQ:TXRH] were 4.95B which represents 14.51% growth. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.31 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.64.
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 168.14 points at the first support level, and at 163.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 174.74, and for the 2nd resistance point, it is at 176.99.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Texas Roadhouse Inc [NASDAQ:TXRH] is 0.52. 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 2.32, the price to book ratio is 9.12 and price to earnings (TTM) ratio is 31.30.
Transactions by insiders
Recent insider trading involved Jones Wayne L., Director, that happened on Jul 30 ’24 when 700.0 shares were sold. Director, MOORE GREGORY N completed a deal on Jul 29 ’24 to sell 2000.0 shares. Meanwhile, Director Jones Wayne L. bought 700.0 shares on Jul 29 ’24.
