Texas Roadhouse (TXRH) : The traders have covered their outstanding shorts in Texas Roadhouse (TXRH) to the tune of -16,346 shares, a change of -0.3%. As on Jul 29, 2016, the outstanding shorts on the stock were 6,015,046 shares, however, by August 15, 2016, the shorts had reduced to 5,998,700 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 9.2% of the free float of the stock. It takes 3 days to cover the outstanding short positions. The stock has an average daily volume of 1,778,686 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Texas Roadhouse (NASDAQ:TXRH): The stock opened at $45.44 on Wednesday but the bulls could not build on the opening and the stock topped out at $45.60 for the day. The stock traded down to $44.87 during the day, due to lack of any buying support eventually closed down at $44.96 with a loss of -1.03% for the day. The stock had closed at $45.43 on the previous day. The total traded volume was 722,221 shares.
In a related news, The Securities and Exchange Commission has divulged that Taylor Wayne Kent, director officer (Chairman, CEO) of Texas Roadhouse, Inc., had unloaded 150,000 shares at an average price of $46.07 in a transaction dated on August 16, 2016. The total value of the transaction was worth $6,910,500.
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.