TXRH stock has undergone multiple analysts rating changes in the recent past. stock Target Lowered by Morgan Stanley on 10/13/2021. In a note to investors, the firm issued a new target price of $105.00. The analysts previously had $106.00 target price. Morgan Stanley’s price target would indicate a potential upside of 18.63% from the stock’s previous close.
Shares of traded on Wednesday, reaching $88.82. 0 shares of the stock traded hands, compared to its average volume of 673659. On Wednesday, Shares of closed at $88.82. The firm’s 50 day moving average is $92.06 and its 200 day moving average is $92.84. has a 12 month low of $67.18 and a 12 month high of $110.75. While on yearly highs and lows, today has traded high as $91.88 and has touched $87.92 on the downward trend.
Earnings and What to expect:
Texas Roadhouse last issued its earnings data on July 29th, 2021. The restaurant operator reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $898.79 million for the quarter, compared to the consensus estimate of $870.34 million. Texas Roadhouse has generated $0.45 earnings per share over the last year ($2.69 diluted earnings per share) and currently has a price-to-earnings ratio of 33.0. Earnings for Texas Roadhouse are expected to grow by 12.13% in the coming year, from $3.71 to $4.16 per share. Texas Roadhouse has confirmed that its next quarterly earnings report will be published on Thursday, October 28th, 2021. Texas Roadhouse will be holding an earnings conference call on Thursday, October 28th at 5:00 PM Eastern. Interested parties can or dial in at 929-458-6194 with passcode “963633”.
Earnings for Texas Roadhouse are expected to grow by 12.13% in the coming year, from $3.71 to $4.16 per share. The P/E ratio of Texas Roadhouse is 33.02, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.75. The P/E ratio of Texas Roadhouse is 33.02, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 21.28. Texas Roadhouse has a PEG Ratio of 2.48. PEG Ratios above 1 indicate that a company could be overvalued. Texas Roadhouse has a P/B Ratio of 6.55. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
(NASDAQ:TXRH) Moving Average Technical Analysis
5 day Moving Average is $$91.64 And 5 day price change is -$3.38 (-3.67%) with average volume for 5 day average is 638,160. While technical analysis for average 20 days shows significant difference, 20 day moving average is $92.46 and 20 day price change is -$1.62 (-1.79%) and average 20 day moving volume is 712,625. 50 day moving average is $92.06 and 50 day price change is $0.07 ( 0.08%) and with average volume for 50 days is : 704,536. 200 day moving average is $92.84 and 200 day price change is $8.82 (11.02%) and with average volume for 200 days is : 800,383.
Other owners latest trading in TXRH :
- On 10/13/2021 shares held by Scout Investments Inc. were 354,807 which equates to market value of $32.41M and appx 0.50% owners of TXRH
- On 10/13/2021 shares held by Chatham Capital Group Inc. were 23,624 which equates to market value of $2.16M and appx 0.40% owners of TXRH
- On 10/12/2021 shares held by Louisiana State Employees Retirement System were 17,800 which equates to market value of $1.63M and appx 0.00% owners of TXRH
- In total Institutional ownership equates to Institutional Ownership Percentage: 90.51% for TXRH
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