In a remarkable display of market resilience, Texas Roadhouse Inc. (NASDAQ:TXRH) stock has cooked up a record-setting performance, reaching an all-time high of $203.41. This impressive milestone underscores a year of robust growth for the Louisville-based restaurant chain, which has seen its stock value rise by a sizzling 79.68% over the past year. Investors have feasted on the company's consistent financial results, driven by strategic expansions and a strong customer base that continues to crave its steaks and ribs. The all-time high represents not just a peak in share price, but also a testament to Texas Roadhouse's enduring appeal in the competitive dining industry.
In other recent news, Texas Roadhouse Inc. reported an 8.5% increase in same-store sales and a revenue of approximately $1.3 billion in its third-quarter earnings call. The company also announced that its Board of Directors has approved a cash dividend of $0.61 per share of common stock, to be paid out to shareholders on record as of December 10, 2024. The dividend approval is one of the recent developments for the company, alongside the successful opening of seven company-owned and three international franchise locations in the third quarter.
Texas Roadhouse has further projected a revenue growth of 13.5% and a diluted earnings per share increase of 32.5% to $1.26. The company has updated its commodity inflation guidance to less than 1% for 2024, with a 2% to 3% forecast for 2025, and labor inflation is also projected at 4% to 5% for 2025. In terms of expansion, plans are in place to open approximately 30 new restaurants in 2025 and acquire 13 franchised locations. These are some of the recent developments that investors may want to consider.
InvestingPro Insights
Texas Roadhouse's recent stock performance aligns with several key metrics and insights from InvestingPro. The company's market capitalization stands at an impressive $13.55 billion, reflecting its strong position in the restaurant industry. InvestingPro data shows that Texas Roadhouse has delivered a stellar 82.42% total return over the past year, corroborating the article's mention of a 79.68% rise in stock value.
The company's financial health is further evidenced by its revenue growth of 13.91% in the last twelve months, indicating sustained expansion. This growth is complemented by a healthy EBITDA growth of 29.46% over the same period, suggesting improved operational efficiency.
InvestingPro Tips highlight that Texas Roadhouse has raised its dividend for 4 consecutive years and has maintained dividend payments for 14 consecutive years. This consistent dividend policy may be contributing to investor confidence and the stock's strong performance.
It's worth noting that the stock is trading near its 52-week high, with the current price at 99.64% of that peak. This aligns with the article's mention of the stock reaching an all-time high. However, investors should be aware that the stock is trading at a high P/E ratio of 34.71, which may indicate high growth expectations.
For those interested in a deeper dive into Texas Roadhouse's financials and future prospects, InvestingPro offers 16 additional tips, providing a comprehensive analysis for potential investors.
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