Trade-Ideas LLC identified

Texas Roadhouse

(

TXRH

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Texas Roadhouse as such a stock due to the following factors:

  • TXRH has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $23.2 million.
  • TXRH has traded 4,401 shares today.
  • TXRH is trading at a new lifetime high.

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More details on TXRH:

Texas Roadhouse, Inc., together with its subsidiaries, operates full-service casual dining restaurants in the United States and internationally. The company operates and franchises its restaurants under the Texas Roadhouse name. It also operates sports restaurants under the Bubba's 33 name. The stock currently has a dividend yield of 1.8%. TXRH has a PE ratio of 31. Currently there are 6 analysts that rate Texas Roadhouse a buy, 1 analyst rates it a sell, and 9 rate it a hold.

The average volume for Texas Roadhouse has been 816,000 shares per day over the past 30 days. Texas Roadhouse has a market cap of $2.9 billion and is part of the services sector and leisure industry. Shares are up 17.3% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Texas Roadhouse as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • TXRH's revenue growth has slightly outpaced the industry average of 11.6%. Since the same quarter one year prior, revenues rose by 12.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • TEXAS ROADHOUSE INC has improved earnings per share by 23.1% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, TEXAS ROADHOUSE INC increased its bottom line by earning $1.37 versus $1.23 in the prior year. This year, the market expects an improvement in earnings ($1.71 versus $1.37).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Hotels, Restaurants & Leisure industry average. The net income increased by 23.6% when compared to the same quarter one year prior, going from $18.60 million to $22.98 million.
  • Net operating cash flow has increased to $96.43 million or 27.90% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 14.73%.

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