|Bid||54.51 x 900|
|Ask||54.53 x 900|
|Day's Range||54.17 - 55.00|
|52 Week Range||50.84 - 75.24|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||25.41|
|Earnings Date||Jul 29, 2019|
|Forward Dividend & Yield||1.20 (2.22%)|
|1y Target Est||60.16|
Texas Roadhouse (TXRH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Today we are going to look at Texas Roadhouse, Inc. (NASDAQ:TXRH) to see whether it might be an attractive investment...
LOUISVILLE, Ky., July 08, 2019 -- Texas Roadhouse, Inc. (NasdaqGS: TXRH) announced today that it will release second quarter 2019 financial results on Monday, July 29, 2019.
JP Morgan has just released a valuable report setting out its tips for the second half of 2019. The firm takes a deep dive into an often-overlooked area of the market- the restaurant industry. Here we take a closer look at three of the stocks the firm’s John Ivankoe is recommending for 2H19, and one stock where it’s better to steer clear. Encouragingly, two of the stocks highlighted by the firm also boast a bullish Strong Buy consensus from the Street. The third still scores a cautious optimistic Moderate Buy rating. That’s based on all the ratings received by each stock over the last three months. Let’s see how the following top stock ideas stack up now: Stocks to Buy: Domino's Pizza, Inc. (DPZ)First on the ‘buy’ list comes one of the world’s largest pizza sellers- Domino’s Pizza. But DPZ does much more than just sell pizza. JP Morgan describes DPZ as a technology company disguised as a marketing company disguised as a pizza company. The firm first upgraded Domino’s back in March with a $290 price target. That’s actually on the low-end vs the Street’s average price target of $313. “We continue to remain constructive on shares of DPZ following our March 19th upgrade. We believe DPZ trends are easing down to the lower-end of its stated 8- 12% system-wide sales growth, but for such results to still leave them near/at the top of franchise-driven growth within global QSR [quick service restaurants]” explains the firm. In short, its Domino’s low-cost delivery model that keeps DPZ ahead of the game, says Ivankoe. That’s down to 4 key reasons, namely: 1) total pre-tip fees to the consumer are only $3-4 2) the 5,903 US store network allows excellent service times, 3) franchisees pay only $0.25 to receive a digital order (much cheaper than competitors), and 4) the popular 2-for-$5.99 each delivery promotion.Meanwhile superior customer insights, data-driven decision making, and system sales growth of 8-12% justify a premium multiple over peers, the analyst tells investors. Overall we can see how the stock scores 10 recent buy ratings from analysts vs just 1 hold rating:View DPZ Price Target & Analyst Ratings Detail Stocks to Buy: Mcdonald's Corp (MCD)From one food giant to the next, McDonald’s is another key stock that the firm recommends buying/ adding to now. Plus McDonald’s makes it to the firm’s elite Analyst Focus List of stocks set to outperform.“We continue to be constructive on MCD shares and given the strong top line momentum, feel comfortable owning into 2Q results” cheers Ivankoe. “F19 lapping the difficult F18 in US, developed market strength should continue. Not too expensive” he added.Interestingly the analyst highlights delivery as a source of future upside for the stock. Right now delivery is available in over 9,000 stores (20,000 globally), but looking ahead it should become a more meaningful contributor. App integration is set for 3Q19 and national advertising around delivery is coming online in 2H19.“We continue to recommend MCD as a long-term core holding in the restaurant space for relatively low risk/solid absolute return” concludes Ivankoe. “We focus investors on the company’s FCF generation and long-term FCF potential matched with low sensitivities to comps and margins (both company-owned and franchise) and the company’s move to a lower-risk business model via refranchising.”As with Domino's, MCD boasts a Strong Buy Street consensus with 15 analysts making bullish calls on the stock, and 5 analysts staying on the sidelines:View MCD Price Target & Analyst Ratings Detail Stocks to Buy: US Foods Holding Corp (USFD)US Foods is a leading foodservice distributor, with over 250,000 customers, including restaurants, regional chains and healthcare groups. Ivankoe sees USFD as well positioned to manage competition from Restaurant Depot and Amazon (AMZN), while noting that “Business transformation efforts focused on efficiency and effectiveness remain a major opportunity.”And according to JP Morgan this is by far the better choice over rival distributor Sysco Corporation (SYY). “We prefer USFD over SYY: USFD trades at a meaningful discount to SYY despite better volume trends and a more favorable 2019 margin setup” is how Ivankoe sums up the situation. He has a $40 price target on USFD. In fact, the analyst reveals that SYY recently pointed to weak industry volume trends, however, in a follow up call with USFD they noted no change in industry dynamics. “Distinctive merchandising approach and customer-facing technology allow for differentiation in what can be seen as a commoditized offering” states the analyst.Plus the company is gearing up to close its massive $1.8 billion acquisition of SGA Food Group. USFD is aiming for $55m of runrate synergies by the end of 2022. “This acquisition will significantly increase US Foods’ reach across key markets in the attractive and growing Northwest region of the U.S. and adds one of the most well-regarded regional distributors to our company,” commented US Foods CEO Pietro Satriano. View USFD Price Target & Analyst Ratings Detail Stocks to Sell: Texas Roadhouse Inc (TXRH)The outlook isn’t quite so rosy for steak specialist Texas Roadhouse. The company, rated Sell by JP Morgan, is on track for a tricky second half of the year according to the firm. “We expect another relatively difficult quarter at Texas Roadhouse” writes the analyst, who expects continued store margin declines (down 95bp vs. consensus down 60bp) driven by higher labor costs. He notes that TXRH trades well on top of casual dining and vs. its 10-year monthly average multiples of ~20x. Indeed, Ivankoe’s $55 price target is only very marginally above the stock’s current share price of $53.67. “We would argue that MSD positive comps are priced in at this multiple and that even maintaining store margins at or above the 17.0% level (vs 17.4% in F18) will be difficult given persistent labor inflation and rising commodity costs.”See which other stocks top analysts are recommending from different industries here
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Texas...
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Texas Roadhouse...
Texas Roadhouse Inc. said Friday that the company's president Scott Colosi has retired from the company, effective Thursday. Colosi joined the company in 2002 as Chief Financial Officer and was promoted to president in 2011. Kent Taylor, founder of the company, will assume the role of president. Raymond James spoke with the company's chief financial officer Tonya Robinson, according to a note, who said Colosi had been thinking about retiring for "some time" and there's "no change in business strategy." Raymond James maintains its market perform stock rating. Texas Roadhouse stock is down 1.3% in Friday trading, and down 12.4% for the year to date. The S&P 500 index is up 18% for 2019 so far.
Scott Colosi retired as president of Texas Roadhouse Inc., effective Thursday, June 20. Colosi was hired in 2002 as chief financial officer and was promoted to president of the Louisville-based company in 2011, according to a news release. During Colosi’s tenure, Texas Roadhouse (Nasdaq: TXRH) was named one of the nation’s most Trustworthy Companies by Forbes and recently was named the Brand of the Year by the Harris Poll.
Texas Roadhouse, Inc. (TXRH) announced today that its President, Scott Colosi, has retired effective Thursday, June 20, 2019. Colosi was hired in 2002 as Chief Financial Officer and was later promoted to President in 2011. During Colosi’s tenure, Texas Roadhouse was named one of the nation’s most Trustworthy Companies by Forbes and recently was named the Brand of the Year by the Harris Poll.
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Texas Roadhouse Inc NASDAQ/NGS:TXRHView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate and increasing * Economic output in this company's sector is contracting Bearish sentimentShort interest | NeutralShort interest is moderate for TXRH with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on June 11. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding TXRH totaled $68.62 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Hibbett, Texas Roadhouse, Salesforce, Tableau and Google highlighted as Zacks Bull and Bear of the Day
In this commentary, I will examine Texas Roadhouse, Inc.'s (NASDAQ:TXRH) latest earnings update (26 March 2019) and...
Texas Roadhouse is a casual dining concept that first opened in 1993 and today has grown to over 590 restaurants system-wide in 49 states and ten foreign countries. For more information, please visit the Company’s Web site at www.texasroadhouse.com.
Dividend paying stocks like Texas Roadhouse, Inc. (NASDAQ:TXRH) tend to be popular with investors, and for good reason...
Only two Louisville-based companies remain on the Fortune 500 list of the largest companies in the U.S.
Texas Roadhouse's decision to finally become more aggressive on menu price increases is one of three catalysts that turned Longbow bullish on the stock, Stump said in the Tuesday upgrade note. Texas Roadhouse's 1.5-percent menu increase in the second quarter — on top of the 1.7-percent increase in late 2018 — implies the first cumulative price increase of more than 3 percent since 2012, the analyst said.