A company insider recently sold 1,000 shares of Texas Roadhouse Inc. [TXRH]. Should You Sale?


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Texas Roadhouse Inc. shares valued at $105,460 were sold by WIDMER KATHY on Mar 14. At $105.46 per share, WIDMER KATHY sold 1,000 shares. The insider’s holdings dropped to 15,700 shares worth approximately $1.7 million following the completion of this transaction.

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Also, Tobin Regina A. sold 2,215 shares, netting a total of over 230,006 in proceeds. Following the sale of shares at $103.84 each, the insider now holds 13,248 shares.

Before that, Warfield Curtis had sold 4,500 shares from its account. In a trade valued at $471,330, the Director traded Texas Roadhouse Inc. shares for $104.74 each. Upon closing the transaction, the insider’s holdings decreased to 4,500 shares, worth approximately $1.44 million.

As published in a research note from Northcoast on February 22, 2023, Texas Roadhouse Inc. [TXRH] has been rated down from a Buy to a Neutral. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid February. As of January 17, 2023, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for TXRH. Earlier on October 31, 2022, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for TXRH stock which previously was a “a Buy”.

Analyzing TXRH Stock Performance

On Thursday, Texas Roadhouse Inc. [NASDAQ: TXRH] rose 3.18% to $108.02. The stock’s lowest price that day was $103.955, but it reached a high of $108.165 in the same session. During the last five days, there has been a surge of approximately 5.58%. Over the course of the year, Texas Roadhouse Inc. shares have jumped approximately 18.77%. Shares of the company reached a 52-week high of $108.17 on 03/16/23 and a 52-week low of $90.40 on 01/03/23. A 50-day SMA is recorded $101.71, while a 200-day SMA reached $92.43. Nevertheless, trading volume fell to 0.93 million shares from 0.96 million shares the previous day.

Support And Resistance Levels for Texas Roadhouse Inc. (TXRH)

According to the 24-hour chart, there is a support level at 105.26, which, if violated, would cause prices to drop to 102.50. In the upper region, resistance lies at 109.47. The next price resistance is at 110.92. RSI (Relative Strength Index) is 64.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.13, which suggests the price will increase in the coming days. Percent R is at 1.72%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Texas Roadhouse Inc. subject to short interest?

Stocks of Texas Roadhouse Inc. saw a sharp steep in short interest on Jan 12, 2023 dropping by -0.71 million shares to 4.85 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 5.56 million shares. A decline of -14.64% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.37 of the overall float, the days-to-cover ratio (short ratio) decline to 5.37.

Which companies own the most shares of Texas Roadhouse Inc. (TXRH)?

According to BlackRock Fund Advisors filings, the company currently owns 7,159,671 shares, which is about 10.70% of the total TXRH shares outstanding. The investor’s shares have appreciated by 134,417 from its previous 13-F filing of 7025254.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $681,346,803. Wellington Management Co. LLP reduced a -6.63% interest valued at $289.17 million while Macquarie Investment Management B sold a -25,092 stake. A total of 5,148 shares of Texas Roadhouse Inc. were sold by SSgA Funds Management, Inc. during the quarter, and -58,766 were sold by Nordea Investment Management AB. In its current portfolio, Neuberger Berman Investment Advis holds 1,713,462 shares valued at $173.98 million.


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