Shares of Texas Roadhouse (NASDAQ:TXRH) Sees Large Outflow of Money

Texas Roadhouse (NASDAQ:TXRH): The stock had negative money flow to the tune of ($1.91 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $1.24 million, whereas, the outflow of money on downticks was $3.15 million and the ratio between the two was 0.39. The block trade had a negative net money flow of ($2.28 million). On the other hand, downticks amounted to $2.28 million of the traded value, which shows distribution in the stock by traders. Texas Roadhouse (NASDAQ:TXRH) closed with marginal gains of 63 cents to end the day at $45.45, an increase of 1.41% over the previous days close. The stock recorded -0.7% for the week.


In an insider trading activity,The officer (General Counsel) of Texas Roadhouse, Inc., Catlett Celia sold 966 shares at $46.2 on June 10, 2016. The Insider selling transaction had a total value worth of $44,629. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 7.4% of Texas Roadhouse shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -21.29% . Institutional Investors own 91.67% of Texas Roadhouse shares. During last six month period, the net percent change held by insiders has seen a change of -15.21%.

The company shares have rallied 18.73% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $46.81 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $45.06 and the 200 Day Moving Average price is recorded at $40.92. Texas Roadhouse (NASDAQ:TXRH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.05 and $44.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.61, notching a gain of 1.76% for the day. The total traded volume was 593,420 . The stock had closed at $44.82 on the previous day.

Texas Roadhouse, Inc. is a full-service, casual dining restaurant company. The Company offers an assortment of seasoned and aged steaks. In addition to steaks, it also offers ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches. Its entrees include made-from-scratch yeast rolls and also include the choice of two of the following made-from-scratch sides: baked potato, sweet potato, steak fries, mashed potatoes, house or Caesar salad, green beans, chili, seasoned rice, buttered corn, applesauce and steamed vegetables. Its restaurants offer a full bar that offers draft and bottled beer, different brands of liquor and wine, as well as margaritas. As of December 30, 2014, the Company had 451 restaurants, which included 372 Company restaurants, of which, 356 were wholly-owned and 16 were majority-owned, and 79 franchise restaurants in which, the Company held 5% to 10.0% ownership interest in 23 restaurants.

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