At the time of writing, Texas Roadhouse Inc [TXRH] stock is trading at $175.28, up 3.28%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TXRH shares have gain 7.34% over the last week, with a monthly amount glided 4.13%, 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.
For the past year, the stock price of Texas Roadhouse Inc fluctuated between $91.06 and $177.72. 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 $175.28 at the most recent close of the market. An investor can expect a potential drop of -15.34% based on the average TXRH price forecast.
Analyzing the TXRH fundamentals
According to Texas Roadhouse Inc [NASDAQ:TXRH], the company’s sales were 4.95B for trailing twelve months, which represents an 14.51% jump. 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 172.65 points at the first support level, and at 170.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 176.92, and for the 2nd resistance point, it is at 178.55.
Ratios To Look Out For
It is important to note that Texas Roadhouse Inc [NASDAQ:TXRH] has a current ratio of 0.52. Also, the Quick Ratio is 0.45, while the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 2.36, the price to book ratio is 9.26 and price to earnings (TTM) ratio is 31.81.
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.
