Texas Roadhouse Reaches New 52-Week High (TXRH)

NEW YORK ( TheStreet) -- Texas Roadhouse (Nasdaq: TXRH) hit a new 52-week high Tuesday as it is currently trading at $18.51, above its previous 52-week high of $18.40 with 144,295 shares traded as of 9:35 a.m. ET. Average volume has been 800,000 shares over the past 30 days.

Texas Roadhouse has a market cap of $1.2 billion and is part of the services sector and leisure industry. Shares are up 15.8% year to date as of the close of trading on Monday.

Texas Roadhouse, Inc., together with its subsidiaries, operates a full-service casual dining restaurant chain. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The company also provides supervisory and administrative services for other license and franchise restaurants. The company has a P/E ratio of 19.6, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Texas Roadhouse as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Texas Roadhouse Ratings Report.

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