Texas Roadhouse (TXRH) Shares are Up 3.65%

Texas Roadhouse (TXRH) has been under a strong bear grip, hence the stock is down -1.13% 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 3.01% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.65% in the last 1 week, and is up 5.55% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Texas Roadhouse (NASDAQ:TXRH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.67 and $46.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.31, notching a gain of 3.29% for the day. The total traded volume was 1,022,171 . The stock had closed at $46.77 on the previous day.


The stock has recorded a 20-day Moving Average of 5.04% and the 50-Day Moving Average is 6.59%. Texas Roadhouse, Inc. is up 15.12% in the last 3-month period. Year-to-Date the stock performance stands at 36.23%.

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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