Will Texas Roadhouse’s Stock Grow In Near Term?

October 12th, 2021 by Trefis Team
TXRH: Texas Roadhouse logo
TXRH
Texas Roadhouse

Texas Roadhouse’s stock (NASDAQ: TXRH) declined by 0.4% in the last twenty-one trading days. In comparison, the broader S&P500 index declined by 2.5% over the same period. The American steakhouse has seen recovery in 2021 post the fall in the first half of 2020 due to lockdowns across the U.S. and the world. In Q2 2021 comparable restaurant sales at company restaurants increased 80.2% compared to the same period in 2020 and 21.3% compared to the same period in 2019. Total revenue for the quarter improved by 88.7% y-o-y to $899 million and earnings were recorded at $1.08 compared to $-0.48 in the same period of the previous year. Now, is TXRH stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 64% chance of a rise in TXRH stock over the next month (twenty-one trading days). See our analysis on Texas Roadhouse’s Stock Chance Of Rise for more details.

Five Days: TXRH -2.5%, vs. S&P500 0.8%; Underperformed market

(14% event probability)

  • Texas Roadhouse’s stock declined 2.5% over a five day trading period ending 10/08/2021, compared to the broader market (S&P500) which rose by 0.8%
  • A change of -2.5% or more over five trading days has a 14% event probability, which has occurred 354 times out of 2516 in the last ten years
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Ten Days: TXRH -2.1%, vs. S&P500 -1.4%; Underperformed market

(25% event probability)

  • Texas Roadhouse’s stock declined 2.1% over the last ten trading days (two weeks), compared to the broader market (S&P500) fall of 1.4%
  • A change of -2.1% or more over ten trading days has a 25% event probability, which has occurred 630 times out of 2516 in the last ten years

Twenty-One Days: TXRH -0.4%, vs. S&P500 -2.5%; Overperformed market

(39% event probability)

  • Texas Roadhouse’s stock declined 0.4% over the last twenty-one trading days (one month), compared to the broader market (S&P500) fall of 2.5%
  • A change of -0.4% or more over twenty-one trading days has a 39% event probability, which has occurred 987 times out of 2516 in the last ten years

While Texas Roadhouse’s stock is likely to move higher in the near term, there are several peers in its sector that look like a Better Bet Than TXRH Stock. Also, Texas Roadhouse’s Peer Comparisons summarizes how the company fares against peers on metrics that matter.

 

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