Texas Roadhouse Inc. (NASDAQ: TXRH) stock jumped 1.15% on Wednesday to $112.13 against a previous-day closing price of $110.85. With 0.88 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.9 million shares. During the session, the Restaurants company that operates in wider Consumer Cyclical sector, reached to the highest price of $112.29 whereas the lowest price it dropped to was $110.16. The 52-week range on TXRH shows that it touched its highest point at $116.72 and its lowest point at $68.58 during that stretch. It currently has a 1-year price target of $115.89. With its current market cap of 7.66 billion, TXRH has annualized dividend of $2.20 while the current yield stands at 1.96%. Beta for the stock currently stands at 0.96.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TXRH was down-trending over the past week, with a drop of -1.58%, but this was up by 3.87% over a month. Three-month performance surged to 6.58% while six-month performance rose 14.97%. The stock gained 57.53% in the past year, while it has gained 23.29% so far this year. A look at the trailing 12-month EPS for TXRH yields 4.17 with Next year EPS estimates of 5.43. For the next quarter, that number is 1.19. This implies an EPS growth rate of 13.50% for this year and 16.87% for next year. EPS is expected to grow by 16.88% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 17.20%.
Float and Shares Shorts:
At present, 67.02 million TXRH shares are outstanding with a float of 66.50 million shares on hand for trading. On Apr 27, 2023, short shares totaled 5.92 million, which was 8.83% higher than short shares on Mar 30, 2023. In addition to Mr. Gerald L. Morgan as the firm’s CEO & Director, Ms. Regina A. Tobin serves as its Pres.
Through their ownership of 100.26% of TXRH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 6.55% of TXRH, in contrast to 58.90% held by mutual funds. Shares owned by individuals account for 43.27%. As the largest shareholder in TXRH with 10.68% of the stake, BlackRock Fund Advisors holds 7,154,365 shares worth 7,154,365. A second-largest stockholder of TXRH, The Vanguard Group, Inc., holds 6,660,415 shares, controlling over 9.94% of the firm’s shares. Macquarie Investment Management B is the third largest shareholder in TXRH, holding 2,540,939 shares or 3.79% stake. With a 3.12% stake in TXRH, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 2,088,098 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.10% of TXRH stock, is the second-largest Mutual Fund holder. It holds 2,074,750 shares valued at 229.51 million. Vanguard Small Cap Index Fund holds 2.61% of the stake in TXRH, owning 1,750,323 shares worth 193.62 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 27, 2023, TXRH reported revenue of $1.02B and operating income of $86.33M. The EBITDA in the recently reported quarter was $121.29M and diluted EPS was $1.07.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TXRH since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TXRH analysts setting a high price target of $131.00 and a low target of $103.00, the average target price over the next 12 months is $115.61. Based on these targets, TXRH could surge 16.83% to reach the target high and fall by -8.14% to reach the target low. Reaching the average price target will result in a growth of 3.1% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, TXRH has a current ratio of $2.2, which is $2.2 over the trailing 12-months, while a dividend of $1.13 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and TXRH currently yields $1.72. In the past year, TXRH’s dividend yield has been $1.72, but when looking at the stock over the past five years, its yield has been $1.59. Accordingly, TXRH has a current buyback yield of $2.0. This was $2.0 for the TTM, and it was $1.96 for the past five years.
Summary of Insider Activity:
Insiders traded TXRH stock several times over the past three months with 1 Buys and 3 Sells. In these transactions, 1,000 shares were bought while 4,852 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 37 over the past year. The total number of shares bought during that period was 81,275 while 120,887 shares were sold.