Texas Roadhouse Inc (NASDAQ: TXRH) has reported earnings for its first fiscal quarter (ending March 31) of $1.69 versus $1.29 for the same period a year ago — an increase of 31%. However, this result fell short of the consensus estimate of $1.81 by $-0.12. For the latest four quarters through March 31, E.P.S. were $4.96 versus $4.18 for the same period a year ago — an increase of 19%.
Recent Price Action
Texas Roadhouse Inc (NASDAQ: TXRH) stock rose modestly by 0.5% on 5/2/24. The stock closed at $157.90. Moreover, unusually high trading volume at 152% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 0.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TXRH is expected to continue to be a major Value Builder.
Texas Roadhouse has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Texas Roadhouse has a poor Appreciation Score of 26 but a very high Power Rating of 93, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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