Texas Roadhouse Inc (NASDAQ: TXRH) is 32.41% higher on its value in year-to-date trading and has touched a low of $91.06 and a high of $177.72 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TXRH stock was last observed hovering at around $162.96 in the last trading session, with the day’s loss setting it -1.11%.
Currently trading at $161.85, the stock is -2.96% and -3.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -0.68% at the moment leaves the stock 7.46% off its SMA200. TXRH registered 60.41% gain for a year compared to 6-month gain of 4.69%.
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The stock witnessed a -4.63% loss in the last 1 month and extending the period to 3 months gives it a -5.74%, and is -2.05% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.78% over the week and 2.16% over the month.
Texas Roadhouse Inc (TXRH) has around 91000 employees, a market worth around $10.79B and $4.95B in sales. Current P/E ratio is 29.37 and Fwd P/E is 23.44. Profit margin for the company is 7.47%. Distance from 52-week low is 77.74% and -8.93% from its 52-week high. The company has generated returns on investments over the last 12 months (18.10%).
The EPS is expected to grow by 39.20% this year
698.0 institutions hold shares in Texas Roadhouse Inc (TXRH), with institutional investors hold 94.60% of the company’s shares. The shares outstanding are 66.79M, and float is at 66.34M with Short Float at 3.05%. Institutions hold 94.12% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.58 million shares valued at $1.13 billion. The investor’s holdings represent 9.8409 of the TXRH Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.51 million shares valued at $1.12 billion to account for 9.7434 of the shares outstanding. The other top investors are INVESCO LTD. which holds 2.08 million shares representing 3.1134 and valued at over $357.34 million, while STATE STREET CORP holds 2.9085 of the shares totaling 1.94 million with a market value of $333.83 million.
Texas Roadhouse Inc (TXRH) Insider Activity
The most recent transaction is an insider sale by Jones Wayne L., the company’s Director. SEC filings show that Jones Wayne L. sold 700 shares of the company’s common stock on Jul 30 ’24 at a price of $174.00 per share for a total of $0.12 million. Following the sale, the insider now owns 500.0 shares.
Texas Roadhouse Inc disclosed in a document filed with the SEC on Jul 29 ’24 that MOORE GREGORY N (Director) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Jul 29 ’24 and was made at $171.64 per share for $0.34 million. Following the transaction, the insider now directly holds 39050.0 shares of the TXRH stock.
Still, SEC filings show that on Jul 29 ’24, Jones Wayne L. (Director) Proposed Sale 700 shares at an average price of $174.00 for $0.12 million. The insider now directly holds shares of Texas Roadhouse Inc (TXRH).
