Texas Roadhouse Inc’s recently made public that its Director EPPS DONNA E unloaded Company’s shares for reported $0.1 million on Mar 07 ’24. In the deal valued at $149.97 per share,670 shares were sold. As a result of this transaction, EPPS DONNA E now holds 4,142 shares worth roughly $0.62 million.
Then, Tobin Regina A. sold 3,064 shares, generating $459,814 in total proceeds. Upon selling the shares at $150.07, the PRESIDENT now owns 15,261 shares.
Before that, Morgan Gerald L. sold 5,000 shares. Texas Roadhouse Inc shares valued at $739,500 were divested by the CHIEF EXECUTIVE OFFICER at a price of $147.90 per share. As a result of the transaction, Morgan Gerald L. now holds 92,847 shares, worth roughly $13.93 million.
Robert W. Baird upgraded its Texas Roadhouse Inc [TXRH] rating to an Outperform from a a Neutral in a research note published on March 13, 2024; the price target was increased to $175 from $160. A number of analysts have revised their coverage, including Northcoast’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. JP Morgan also remained covering TXRH and has increased its forecast on January 23, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. Piper Sandler revised its rating on December 01, 2023. It rated TXRH as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of TXRH
On Friday, Texas Roadhouse Inc [NASDAQ:TXRH] saw its stock jump 1.16% to $149.99. Over the last five days, the stock has lost -2.90%. Texas Roadhouse Inc shares have risen nearly 22.71% since the year began. Nevertheless, the stocks have risen 37.63% over the past one year. While a 52-week high of $157.12 was reached on 03/13/24, a 52-week low of $91.06 was recorded on 01/16/24. SMA at 50 days reached $144.20, while 200 days put it at $117.18. A total of 0.82 million shares were traded, compared to the trading of 0.55 million shares in the previous session.
Levels Of Support And Resistance For TXRH Stock
The 24-hour chart illustrates a support level at 148.22, which if violated will result in even more drops to 146.46. On the upside, there is a resistance level at 151.93. A further resistance level may holdings at 153.88. The Relative Strength Index (RSI) on the 14-day chart is 50.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.90%. Stochastics %K at 17.99% indicates the stock is a buying.
How much short interest is there in Texas Roadhouse Inc?
A steep rise in short interest was recorded in Texas Roadhouse Inc stocks on Mar 15, 2024, dropping by -0.16 million shares to a total of 1.73 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.89 million shares. There was a decline of -9.25%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.38% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.83.
The most recent change occurred on October 19, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $111 price target.
