Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Texas Roadhouse Inc shares valued at $303,390 were sold by Mujica Hernan E. on Nov 14 ’24. At $202.26 per share, Mujica Hernan E. sold 1,500 shares. The insider’s holdings dropped to 16,342 shares worth approximately $3.32 million following the completion of this transaction.
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Also, Mujica Hernan E. purchased 1,500 shares, netting a total of over 303,388 in proceeds.
Before that, EPPS DONNA E had sold 610 shares from its account. In a trade valued at $119,353, the Director traded Texas Roadhouse Inc shares for $195.66 each. Upon closing the transaction, the insider’s holdings decreased to 610 shares, worth approximately $0.72 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 5.14%. Over the course of the year, Texas Roadhouse Inc shares have jumped approximately 66.37%. Shares of the company reached a 52-week high of $205.85 on 11/27/24 and a 52-week low of $115.48 on 01/16/24. A 50-day SMA is recorded $185.85, while a 200-day SMA reached $168.01. Nevertheless, trading volume fell to 0.7 million shares from 0.88 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 202.02, which, if violated, would cause prices to drop to 200.67. In the upper region, resistance lies at 205.28. The next price resistance is at 207.19. RSI (Relative Strength Index) is 65.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.80, which suggests the price will increase in the coming days. Percent R is at 17.99%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
