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Texas Roadhouse Inc
NASDAQ:TXRH

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Texas Roadhouse Inc Logo
Texas Roadhouse Inc
NASDAQ:TXRH
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Price: 154.47 USD 0.13% Market Closed
Updated: Mar 29, 2024

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%.

Key Points:
TXRH Intrinsic Value
Base Case
129.28 USD
Overvaluation 16%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Texas Roadhouse Inc

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Fundamental Analysis

Texas Roadhouse Records Strong Growth in 2023
2023-Q4 Earnings Call

Texas Roadhouse Records Strong Growth in 2023

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%.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
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Fundamental Scores

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.

Positive Gross Profit
Positive 3-Year Average ROE
Exceptional 3-Years Revenue Growth
ROE is Increasing
64/100
Profitability
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.

High Interest Coverage
High Altman Z-Score
Low D/E
Long-Term Solvency
76/100
Solvency
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

Wall Street analysts forecast TXRH stock price to drop over the next 12 months.

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.

Lowest
Price Target
121.2 USD
22% Downside
Average
Price Target
152.64 USD
1% Downside
Highest
Price Target
173.25 USD
12% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

TXRH Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

TXRH Price
Texas Roadhouse Inc

1M 1M
+3%
6M 6M
+61%
1Y 1Y
+43%
3Y 3Y
+69%
5Y 5Y
+165%
10Y 10Y
+591%
Annual Price Range
154.47
52w Low
91.57
52w High
154.6
Price Metrics
Average Annual Return 13.4%
Standard Deviation of Annual Returns 18.15%
Max Drawdown -57%
Shares Statistics
Market Capitalization 10.3B USD
Shares Outstanding 66 828 100
Percentage of Shares Shorted 3.04%

TXRH Return Decomposition
Main factors of price return

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TXRH News

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Company Profile

Texas Roadhouse Inc Logo
Texas Roadhouse Inc

Country

United States of America

Industry

Hotels, Restaurants & Leisure

Market Cap

10.3B USD

Dividend Yield

1.48%

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

KENTUCKY
Louisville
6040 Dutchmans Ln
+15024269984.0
https://www.texasroadhouse.com/

IPO

2004-10-05

Employees

73 300

Officers

CEO & Director
Mr. Gerald L. Morgan
President
Ms. Regina A. Tobin
Chief Technology Officer
Mr. Hernan E. Mujica
Head of Investor Relations
Michael Bailen

See Also

Discover More
What is the Intrinsic Value of one TXRH stock?

The intrinsic value of one TXRH stock under the Base Case scenario is 129.28 USD.

Is TXRH stock undervalued or overvalued?

Compared to the current market price of 154.47 USD, Texas Roadhouse Inc is Overvalued by 16%.