Texas Roadhouse Inc
NASDAQ:TXRH
Intrinsic Value
Texas Roadhouse, Inc. is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. [ Read More ]
The intrinsic value of one TXRH stock under the Base Case scenario is 129.28 USD. Compared to the current market price of 154.47 USD, Texas Roadhouse Inc is Overvalued by 16%.
Valuation Backtest
Texas Roadhouse Inc
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Fundamental Analysis
Texas Roadhouse Records Strong Growth in 2023
2023-Q4 Earnings Call
Texas Roadhouse celebrated a notable 2023, generating over $4.6 billion in revenue with a more than 10% increase in comparable sales, largely due to a rise in guest traffic. The company's average unit volumes surpassed $7.6 million. Restaurant margins improved by 75 basis points year-over-year to 15.3%, reflecting strong operational management. The year also saw a record number of system-wide new store openings, with 30 company restaurants and 15 franchises, including international forays. In 2024, maintaining operational efficiencies and improving technology remain priorities, with roughly 200 digital kitchen conversions planned. Moreover, the company updated its full-year 2024 commodity inflation guidance to approximately 5% and labor inflation between 4% and 5%, planning a 2.2% menu price increase in the second quarter. Despite inflationary pressures and a challenging cattle supply, the company is projected to benefit from a 53-week financial year, potentially improving earnings per share by roughly 4%.
Balance Sheet Decomposition
Texas Roadhouse Inc
Current Assets | 356.5m |
Cash & Short-Term Investments | 104.2m |
Receivables | 175.5m |
Other Current Assets | 76.8m |
Non-Current Assets | 2.4B |
PP&E | 2.2B |
Intangibles | 173.2m |
Other Non-Current Assets | 95m |
Current Liabilities | 745.4m |
Accounts Payable | 131.6m |
Accrued Liabilities | 239.8m |
Other Current Liabilities | 374m |
Non-Current Liabilities | 906.3m |
Other Non-Current Liabilities | 906.3m |
Earnings Waterfall
Texas Roadhouse Inc
Revenue
|
4.6B
USD
|
Cost of Revenue
|
-1.6B
USD
|
Gross Profit
|
3B
USD
|
Operating Expenses
|
-2.7B
USD
|
Operating Income
|
354.3m
USD
|
Other Expenses
|
-49.4m
USD
|
Net Income
|
304.9m
USD
|
Free Cash Flow Analysis
Texas Roadhouse Inc
What is Free Cash Flow?
TXRH Profitability Score
Profitability Due Diligence
Texas Roadhouse Inc's profitability score is 64/100. The higher the profitability score, the more profitable the company is.
Score
Texas Roadhouse Inc's profitability score is 64/100. The higher the profitability score, the more profitable the company is.
TXRH Solvency Score
Solvency Due Diligence
Texas Roadhouse Inc's solvency score is 76/100. The higher the solvency score, the more solvent the company is.
Score
Texas Roadhouse Inc's solvency score is 76/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
TXRH Price Targets Summary
Texas Roadhouse Inc
According to Wall Street analysts, the average 1-year price target for TXRH is 152.64 USD with a low forecast of 121.2 USD and a high forecast of 173.25 USD.
Ownership
TXRH Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
TXRH Price
Texas Roadhouse Inc
Average Annual Return | 13.4% |
Standard Deviation of Annual Returns | 18.15% |
Max Drawdown | -57% |
Market Capitalization | 10.3B USD |
Shares Outstanding | 66 828 100 |
Percentage of Shares Shorted | 3.04% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Texas Roadhouse, Inc. is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. The company is headquartered in Louisville, Kentucky and currently employs 73,300 full-time employees. The company went IPO on 2004-10-05. The firm owns and operates approximately 548 restaurants and franchised an additional 99 restaurants in 49 states and ten foreign countries. Of the 548 restaurants it operates approximately 511 as Texas Roadhouse restaurants, 34 as Bubba’s 33 restaurants and three as Jaggers restaurants. Texas Roadhouse is a full-service, casual dining restaurant concept offering an assortment of seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. Bubba’s 33 is a family-friendly, sports restaurant concept featuring scratch-made food, ice cold beer and signature drinks. Its menu features burgers, pizza and wings as well as a variety of appetizers, sandwiches and dinner entrees. The Jaggers is a fast-casual restaurant concept offering burgers, hand-breaded chicken tenders and chicken sandwiches served with scratch-made sauces.
Contact
IPO
Employees
Officers
The intrinsic value of one TXRH stock under the Base Case scenario is 129.28 USD.
Compared to the current market price of 154.47 USD, Texas Roadhouse Inc is Overvalued by 16%.