Here’s my opinion on how to trade TXRH.
The stock is positively structured on multiple timeframes.
It recently filled the gap created on May 2nd and started to bounce.
With sales growth of 10% over last year and 17% over last quarter, the market is responding positively to Texas Roadhouse.
I would buy the stock anywhere around these levels with a stop below either 1 or 2.
If price does break below 2, take TXRH off your buy list for the time being.
Here’s the chart:
Here are the metrics as of Thursday 1 June 2017:
Company Profile (via Yahoo Finance):
Texas Roadhouse, Inc., together with its subsidiaries, operates full-service casual dining restaurants in the United States and internationally. The company operates and franchises its restaurants under the Texas Roadhouse name. It also operates sports restaurants under the Bubbas 33 name. In addition, the company provides supervisory and administrative services for other franchise restaurants. As of February 21, 2017, it owned and operated 520 restaurants in 49 states and 6 foreign countries. The company was founded in 1993 and is based in Louisville, Kentucky.
Texas Roadhouse, Inc.’s ISS Governance QualityScore as of May 1, 2017 is 3. The pillar scores are Audit: 2; Board: 6; Shareholder Rights: 4; Compensation: 3.
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