Texas Roadhouse (TXRH) has been under a strong bear grip, hence the stock is down -2.13% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.33% in the past 1 week. The stock has risen by 3.39% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.12% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.51% and the 50-Day Moving Average is 0.66%. Texas Roadhouse (NASDAQ:TXRH): stock turned positive on Friday. Though the stock opened at $45.59, the bulls momentum made the stock top out at $46.33 level for the day. The stock recorded a low of $45.59 and closed the trading day at $46.09, in the green by 0.59%. The total traded volume for the day was 664,761. The stock had closed at $45.82 in the previous days trading.
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 -8.42% . Institutional Investors own 91.56% of Texas Roadhouse shares. During last six month period, the net percent change held by insiders has seen a change of -21.29%. Also, Stifel Nicolaus downgrades its rating on Texas Roadhouse (NASDAQ:TXRH). Analysts at the Stifel Nicolaus have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on July 26, 2016.
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.