Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $0.65 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 $14.55 million.
Analysts at The Benchmark Company started covering the stock with ‘”a Hold”‘ outlook in a report released in early April. As of March 13, 2024, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for TXRH. Earlier on February 20, 2024, Northcoast downgraded its rating. Their new recommendation was “a Neutral” for TXRH stock which previously was a “a Buy”.
Analyzing TXRH Stock Performance
During the last five days, there has been a surge of approximately 4.93%. Over the course of the year, Texas Roadhouse Inc shares have jumped approximately 28.25%. Shares of the company reached a 52-week high of $158.54 on 04/24/24 and a 52-week low of $115.48 on 01/16/24. A 50-day SMA is recorded $149.90, while a 200-day SMA reached $119.82. Nevertheless, trading volume fell to 0.72 million shares from 0.82 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 156.07, which, if violated, would cause prices to drop to 155.39. In the upper region, resistance lies at 157.99. The next price resistance is at 159.23. RSI (Relative Strength Index) is 67.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.62, which suggests the price will increase in the coming days. Percent R is at 15.11%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
