In a remarkable display of market resilience, Texas Roadhouse Inc. (NASDAQ:TXRH) shares have cooked up a record-setting performance, reaching an all-time high of $201.35. This impressive milestone underscores a period of robust growth for the Louisville-based restaurant chain, which has seen its stock value rise by a sizzling 82.6% over the past year. Investors have feasted on the company's consistent financial results and strategic expansions, even as the broader restaurant industry faces challenges from changing consumer habits and economic pressures. The all-time high mark sets a new standard for Texas Roadhouse, reflecting investor confidence and the company's potential for continued growth in the competitive dining sector.
In other recent news, Texas Roadhouse has announced a series of significant developments. The company's Board of Directors approved a cash dividend of $0.61 per share for its shareholders, set to be paid out at the end of 2024. In terms of financial performance, Texas Roadhouse 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 successfully opened seven company-owned and three international franchise locations during this period.
Looking ahead, Texas Roadhouse projects a revenue growth of 13.5% and a diluted earnings per share increase of 32.5% to $1.26 for the coming year. The company updated its commodity inflation guidance to less than 1% for 2024, with a 2% to 3% forecast for 2025. Labor inflation is also projected at 4% to 5% for 2025.
As part of its expansion plans, Texas Roadhouse intends to open approximately 30 new restaurants in 2025 and acquire 13 franchised locations. These are the recent developments for the company, which celebrated its 20-year anniversary as a public entity and a 20-year partnership with Homes For Our Troops.
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 $13.42 billion, reflecting its strong position in the restaurant industry. InvestingPro data shows that Texas Roadhouse has delivered a remarkable 85.85% total return over the past year, corroborating the 82.6% rise mentioned in the article.
The company's financial health is further evidenced by its revenue growth of 13.91% over the last twelve months, demonstrating its ability to expand in a competitive market. Additionally, Texas Roadhouse boasts a solid dividend yield of 1.24%, with a dividend growth rate of 10.91% over the last twelve months. This aligns with an InvestingPro Tip highlighting that the company has raised its dividend for 4 consecutive years, appealing to income-focused investors.
Another InvestingPro Tip notes that 23 analysts have revised their earnings upwards for the upcoming period, suggesting positive expectations for Texas Roadhouse's future performance. This optimism is reflected in the stock trading near its 52-week high, as indicated by both the article and InvestingPro data showing the price at 99.95% of its 52-week high.
For investors seeking a more comprehensive analysis, InvestingPro offers 17 additional tips on Texas Roadhouse, providing a deeper understanding of the company's financial position and market outlook.
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