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Friday, December 2, 2022

Today, Texas Roadhouse Inc. (NASDAQ: TXRH) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Texas Roadhouse Inc. (TXRH) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$3.58, or +4.11%, to $90.69. Volume reached 22,141 shares, with price reaching a high of $91.28 and a low of $91.28. Most recently, Yahoo Finance reported about the stock as it publicized that Texas Roadhouse, Inc. Announces Quarterly Dividend.


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Stocks Info

The company is listed on the NASDAQ and operates within the Restaurants industry segment. At the end of the last regular session, the stock closed at $91.28 and fluctuated between $91.63 as its day high and $88.43 as its day low. The current market capitalization of Texas Roadhouse Inc. is $6.23B. A total of 1.25 million shares were traded on the day, compared to an average of 797.73K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, TXRH has seen 2 BUY and 11 SELL insider trades, representing the acquisition of 3,875 and the disposition of 24,905 shares. Over the last 12 months, there were 31 BUYs and 45 SELLs from insiders. Insiders purchased 130,520 shares during that period but sold 92,499.

In the most recent transaction, Colson Christopher C. sold 1,357 shares of TXRH for 94.36 per share on Aug 18. After the transaction, the GENERAL COUNSEL now owns 3,000 company shares. In a previous transaction on Aug 16, Morgan Gerald L. sold 335 shares at 95.00 per share. TXRH shares that CEO, PRESIDENT owns now total 81,212.

Among the insiders who sold shares, Morgan Gerald L. disposed of 4,665 shares on Aug 15 at a per-share price of $95.08. This resulted in the CEO, PRESIDENT holding 81,547 shares of TXRH after the transaction. In another insider transaction, Robinson Tonya sold 3,400 shares at $94.71 per share on Aug 15. Company shares held by the CHIEF FINANCIAL OFFICER now total 7,797.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Texas Roadhouse Inc. pays an annual dividend of $1.84, resulting in a dividend yield of 2.02%, and it has a price to earnings (P/E) ratio of 24.95. TXRH’s most recent ex-dividend date was 09/06/2022 when it declared a $0.46 quarterly dividend that was paid in cash on 09/23/2022. Previously, the company paid the dividend on 06/24/2022 with an ex-dividend date of 06/07/2022. The dividend was $0.46 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for TXRH in the last 3 months, the mean price target is $98.87 with high estimates of $116.00 and low estimates of $83.00. In terms of 52-week highs and lows, TXRH has a high of $96.41 and a low of $68.58.

As of this writing, TXRH has an earnings estimate of $0.82 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $1.0 per share and a lower estimate of $0.57. The company reported an EPS of $1.07 in the last quarter, which was 5.94% higher than expectations of $1.01.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 25 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TXRH is Sell with a score of 4.16. A total of 14 analysts rated the stock as Buy while 0 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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