Texas Roadhouse Inc

Texas Roadhouse Inc maintains a capital structure with no long-term debt and a current ratio of 0.5, indicating a liquidity position that is below the industry median for Restaurants & Bars. The company's liquidity_fpt score is low, reflecting its limited cash and equivalents of $213.4 million relative to its operating cash flow of $243.4 million. The price-to-book ratio of 9.66 and price-to-tangible-book ratio of 9.66 suggest a premium valuation relative to its equity base. Profitability metrics show a return on equity (ROE) of 9.38% and return on assets (ROA) of 4.0%, both below the industry median for Restaurants & Bars. The company's operating margin is 10.1% (calculated from operating income of $133.1 million on revenue of $1.32 billion), which is in line with the industry median. However, the net margin of 8.6% (net income of $113.2 million) is slightly below the median, indicating some pressure from operating expenses. Geographically, Texas Roadhouse's revenue is concentrated in the United States, with no disclosed international operations. The company operates 235 locations as of the latest filing, with no material revenue concentration in any single segment. The lack of international diversification increases exposure to domestic economic cycles and regulatory changes. The company's growth trajectory is modest, with revenue of $1.32 billion in the latest period. Analysts project a mean price target of $193.26, implying a potential 9.2% upside from the current market price of $177.06. The revenue outlook for the current fiscal year is flat, with no significant growth drivers identified in the latest filings. The company's capital expenditure of -$77.7 million reflects asset sales or write-downs, which may signal a strategic shift or cost rationalization. Risk factors include a low liquidity score and a debt-to-equity ratio of 0.0, which, while favorable, limits financial flexibility. The company has no immediate dilution risk, with shares outstanding basic and diluted both at 65.85 million. No recent equity issuances or ATM programs have been disclosed, and the risk assessment indicates no filing-based dilution flags. Recent events include the release of Q4 2023 earnings, which showed a net income of $113.2 million and a gross profit of $876.1 million. The company has not disclosed any material litigation or regulatory actions in the latest 10-K filing. Analysts have issued 4 strong-buy, 9 buy, and 18 hold ratings, with a mean recommendation of 2.45.