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Is Texas Roadhouse Inc (TXRH) a Stock to Watch After Gaining 2.73% This Week?

Wednesday, March 13, 2024 02:10 PM | InvestorsObserver Analysts

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Is Texas Roadhouse Inc (TXRH) a Stock to Watch After Gaining 2.73% This Week?

Texas Roadhouse Inc (TXRH) stock is higher by 2.73% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Texas Roadhouse Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TXRH!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With TXRH Stock Today?

Texas Roadhouse Inc (TXRH) stock has gained 3.24% while the S&P 500 is lower by -0.01% as of 2:08 PM on Wednesday, Mar 13. TXRH has gained $4.88 from the previous closing price of $150.68 on volume of 804,650 shares. Over the past year the S&P 500 is higher by 34.21% while TXRH has gained 51.41%. TXRH earned $4.54 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 34.21.

More About Texas Roadhouse Inc

Texas Roadhouse Inc is a restaurant company operating predominately in the casual dining segment. The company's operating segment includes Texas Roadhouse; Bubba's 33 and others. It generates maximum revenue from the Texas Roadhouse segment. Click Here to get the full Stock Report for Texas Roadhouse Inc stock.

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