Texas Roadhouse: Undervalued As Menu Price Hikes Recover Margins [Seeking Alpha]
Texas Roadhouse, Inc. (TXRH)
Last texas roadhouse, inc. earnings: 2/20 04:03 pm
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US:NASDAQ Investor Relations:
investor.texasroadhouse.com/investor-relations
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Source: Seeking Alpha
Texas Roadhouse: Undervalued As Menu Price Hikes Recover Margins Summary In 2018, operating margin of Texas Roadhouse slumped to its lowest in ten years. The stock has fallen nearly 29% since its peak reached in September 2018. The company hiked menu prices to address the issue. When margins narrowed in 2015, TXRH resorted to the same strategy. Though early results look promising, the stock remains undervalued. Investment Thesis Texas Roadhouse, Inc. ( Russell 2000 The company blames higher labor cost for poor margins, which it expects to address through menu price hikes. In 2015, the company followed the same strategy when its margins narrowed due to rising commodity inflation. The margins improved in the following year. So did its forward PE ratio at the time. Similarly, as 2019 first quarter (2019 Q1) results indicate, TXRH's margins are on a path to recovery at present. Therefore, the depressed forward PE ratio will also pick up over time, suggesting an opportunity to buy the unde
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TXRH
News
- Texas Roadhouse, Inc. (NASDAQ: TXRH) had its price target raised by analysts at Jefferies Financial Group Inc. from $120.00 to $136.00. They now have a "hold" rating on the stock.MarketBeat
- Is Texas Roadhouse (TXRH) Stock Outpacing Its Retail-Wholesale Peers This Year? [Yahoo! Finance]Yahoo! Finance
- Sparkfly and Olo Team Up to Revolutionize Guest Engagement [Yahoo! Finance]Yahoo! Finance
- Texas Roadhouse, Inc. (NASDAQ: TXRH) had its price target raised by analysts at Morgan Stanley from $135.00 to $145.00. They now have an "equal weight" rating on the stock.MarketBeat
- Texas Roadhouse, Inc. (NASDAQ: TXRH) had its "equal weight" rating re-affirmed by analysts at Stephens. They now have a $150.00 price target on the stock.MarketBeat
TXRH
Earnings
- 2/15/24 - Beat
TXRH
Sec Filings
- 4/12/24 - Form PX14A6G
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- TXRH's page on the SEC website