Texas Roadhouse operates over 360 restaurants system-wide in 47 states and one foreign country. It is headquartered in Louisville in Kentucky and has a market cap of $1.2 billion.
Estimates have been rising for Texas Roadhouse, Inc after the company delivered solid fourth quarter results, including a 5.6% increase in same-store sales on February 21th. The company also recently announced an increase of 12.5% in its dividend. It currently yields 2.2%.Total revenue rose 13% over the same period to $276.6 million, ahead of the Zacks Consensus estimated $271.0 million. This was driven in part by a stellar 5.6% increase in sales.
Management expects approximately 5% EPS growth in 2012 on sales growth of 4-5%. It also expects to open 25 restaurants this year. The Zacks Consensus Estimate for 2012 is now $0.93, representing 5% EPS growth, and in-line with guidance.
Technically the stock market a withdrawal movement to the 16.15 USD short-term support. Moving averages are well oriented and 20-days moving average seems stopped the downward movement in the last few sessions.
Fundamentals informations and technical configuration give a positive signal on the security and an investing strategy would be engaged immediately to enjoy withdrawal. An objective will be fixed on weekly resistance at 18.28 USD and a stop loss could be placed at 15.1 USD.
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Texas Roadhouse, Inc. is a restaurant company, which operates predominately in the casual dining segment. The Company maintains three restaurant concepts operating as Texas Roadhouse, Bubbaâs 33 and Jaggers. Its Texas Roadhouse is a full-service, casual dining restaurant concept offering an assortment of specially seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. Its Bubbaâs 33 is a full-service, casual dining restaurant concept featuring scratch-made food for all with a little rock 'n' roll, ice-cold beer, and signature drinks. Its Jaggers is a fast-casual restaurant concept offering burgers, hand-breaded chicken tenders and chicken sandwiches served with scratch-made sauces. Bubbaâs 33 restaurant consists of a freestanding building with approximately 7,600 square feet with seating for approximately 270 to 330 guests. It operates approximately 582 Texas Roadhouse restaurants, 45 as Bubbaâs 33 restaurants and eight as Jaggers restaurants.