In last trading session, Texas Roadhouse, Inc. (NASDAQ:TXRH) saw 803,239 shares changing hands with its beta currently measuring 0.94. Company’s recent per share price level of $49.62 trading at -$2.8 or -5.44% at recent trade assigns it a market valuation of $3.45 Billion. That current price of TXRH’s stock is at a discount of -46.09% from its 52-week high price of $72.49 and is indicating a premium of 49.31% from its 52-week low price of $25.15. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.53 Million shares which gives us an average trading volume of 1.68 Million if we extend that period to 3-months.
For Texas Roadhouse, Inc. (TXRH), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.6. Splitting up the data highlights that, out of 23 analysts covering the stock, 1 rated the stock as a Sell while none recommended an Overweight rating for the stock. 15 suggested the stock as a Hold whereas 7 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.68 in the current quarter.
Texas Roadhouse, Inc. (NASDAQ:TXRH) trade information
In the face of being in the red today for losing -6.08%, in the last five days TXRH remained trading in the green while hitting it’s week-highest on Tuesday, Jun 23 when the stock touched $54.80- price level, adding 10.24% to its value on the day. Texas Roadhouse, Inc.’s shares saw a change of -12.66% in year-to-date performance and have moved -3.35% in past 5-day. Texas Roadhouse, Inc. (NASDAQ:TXRH) showed a performance of -3.62% in past 30-days. Number of shares sold short was 4.77 Million shares which calculate 2.84 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $54.03 to the stock, which implies a rise of 8.89% to its current value. Analysts have been projecting $31.5 as a low price target for the stock while placing it at a high target of $78. It follows that stock’s current price would jump +57.19% in reaching the projected high whereas dropping to the targeted low would mean a loss of -36.52% for stock’s current value.
Texas Roadhouse, Inc. (TXRH) estimates and forecasts
Statistics highlight that Texas Roadhouse, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -5.96% of value to its shares in past 6 months, showing an annual growth rate of -93.5% while that of industry is -22.2. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -207.9% in the current quarter and calculating -94.2% decline in the next quarter. This year revenue growth is estimated to drop -14.5% from the last financial year’s standing.
20 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $468.39 Million for the same. And 20 analysts are in estimates of company making revenue of $582.01 Million in the next quarter that will end in September 01, 2020. Company posted $689.83 Million and $650.49 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -32.1% while estimating it to be -10.5% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 14.8% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 11.9% while estimates for its earnings growth in next 5 years are of 3.5%
Texas Roadhouse, Inc. (NASDAQ:TXRH)’s Major holders
Insiders are in possession of 6.37% of company’s total shares while institution are holding 91.13% percent of that, with stock having share float percentage of 97.33%. Investors also watch the number of corporate investors in a company very closely, which is 413 institutions for Texas Roadhouse, Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at TXRH for having 8.2 Million shares of worth $338.85 Million. And as of March 30, 2020, it was holding 11.84% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 6.29 Million shares on March 30, 2020. The number of shares represents firm’s hold over 9.08% of outstanding shares, having a total worth of $259.85 Million.
On the other hand, Amcap Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of December 30, 2019, the former fund manager was holding 1999466 shares of worth $112.61 Million or 2.88% of the total outstanding shares. The later fund manager was in possession of 1.94 Million shares on March 30, 2020, making its stake of worth around $80Million in the company or a holder of 2.79% of company’s stock.