What Are The Chances Of Texas Roadhouse Inc (NASDAQ: TXRH) Becoming A Clear Buy?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Texas Roadhouse, Inc. Announces Fourth Quarter 2023 Results.

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Stocks Info

As a NASDAQ listed company, TXRH falls under the Consumer Cyclical sector while operating within the Restaurants industry segment. The current market capitalization of Texas Roadhouse Inc is $9.88B. A total of 1.07 million shares were traded on the day, compared to an average of 885.01K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, TXRH has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 1 BUYs and 7 SELLs from insiders. Insiders purchased 1,000 shares during that period but sold 16,312.

In the most recent transaction, Colson Christopher C. sold 405 shares of TXRH for 149.05 per share on Feb 23. After the transaction, the CHIEF LEGAL & ADMIN OFFICER now owns 8,500 company shares. In a previous transaction on Feb 21, MOORE GREGORY N sold 3,500 shares at 146.80 per share. TXRH shares that Director owns now total 47,350.

Among the insiders who sold shares, Warfield Curtis disposed of 2,365 shares on Feb 20 at a per-share price of $148.68. This resulted in the Director holding 13,397 shares of TXRH after the transaction. In another insider transaction, Colson Christopher C. sold 2,011 shares at $119.19 per share on Jan 09. Company shares held by the CHIEF LEGAL & ADMIN OFFICER now total 6,500.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Texas Roadhouse Inc pays an annual dividend of $2.20, resulting in a dividend yield of 1.49%, and it has a price to earnings (P/E) ratio of 32.55. TXRH’s most recent ex-dividend date was 3/12/2024 when it declared a $0.61 quarterly dividend that was paid in cash on 3/26/2024. Previously, the company paid the dividend on 12/26/2023 with an ex-dividend date of 12/5/2023. The TXRH stock dividend was $0.55 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for TXRH in the last 3 months, the mean price target is $149.29 with high estimates of $165.00 and low estimates of $120.00. In terms of 52-week highs and lows, TXRH has a high of $152.55 and a low of $91.06.

As of this writing, TXRH has an earnings estimate of $1.59 per share for the current quarter. EPS was calculated based on a consensus of 26 estimates, with a high estimate of $1.8 per share and a lower estimate of $1.4. The company reported an EPS of $0.95 in the last quarter, which was -10.40% lower than expectations of $1.06.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. TXRH’s latest balance sheet shows that the firm has $335.64M in Cash & Short Term Investments as of fiscal 2021. There were $744.84M in debt and $602.14M in liabilities at the time. Its Book Value Per Share was $17.09, while its Total Shareholder’s Equity was $1.07B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.83.

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