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 $100,480 were sold by EPPS DONNA E on Mar 07 ’24. At $149.97 per share, EPPS DONNA E sold 670 shares. The insider’s holdings dropped to 4,142 shares worth approximately $0.63 million following the completion of this transaction.
Also, Tobin Regina A. sold 3,064 shares, netting a total of over 459,814 in proceeds. Following the sale of shares at $150.07 each, the insider now holds 15,261 shares.
Before that, Morgan Gerald L. had sold 5,000 shares from its account. In a trade valued at $739,500, the CHIEF EXECUTIVE OFFICER traded Texas Roadhouse Inc shares for $147.90 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $14.18 million.
As published in a research note from Robert W. Baird on March 13, 2024, Texas Roadhouse Inc [TXRH] has been rated up from a Neutral to an Outperform and the price target has been revised to $175 from $160. Analysts at Northcoast downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of January 23, 2024, JP Morgan has increased its “an Underweight” rating to a “Neutral” for TXRH. Earlier on December 01, 2023, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for TXRH stock which previously was a “an Overweight”.
Analyzing TXRH Stock Performance
During the last five days, there has been a surge of approximately 0.32%. Over the course of the year, Texas Roadhouse Inc shares have jumped approximately 24.94%. Shares of the company reached a 52-week high of $157.12 on 03/13/24 and a 52-week low of $115.48 on 01/16/24. A 50-day SMA is recorded $143.13, while a 200-day SMA reached $116.78. Nevertheless, trading volume fell to 0.55 million shares from 0.67 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 151.51, which, if violated, would cause prices to drop to 150.30. In the upper region, resistance lies at 153.55. The next price resistance is at 154.38. RSI (Relative Strength Index) is 58.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.20, which suggests the price will decrease in the coming days. Percent R is at 68.75%, indicating low price movement. Stochastics %K at holding 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 Mar 15, 2024 dropping by -0.16 million shares to 1.73 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.89 million shares. A decline of -9.25% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.83 of the overall float, the days-to-cover ratio (short ratio) decline to 1.83.
