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TXRH

TXRH a western theme restuarant stock LONGTXRH is here on a weekly chart with a linear regression line overlaid along with a Keltner Channel indicator. Below the chart is the Chop Zone indicator. TXRH has been in a trend up for more than six months. There were corrections in January and April. I conld suppose another correction may occur in July whne trading volumes are lower for the summer. In the meanwhile < I see TXRH as a good long trade until the anticipated July pullback or the chop zone signal falls into the chop zone. TXRH is at an all time high. Typically it may not be the best place to take a long trade but in this case I believe that the momentum will persist and the trade will be quite profitable.
NASDAQ:TXRHLong
by AwesomeAvani
Texas Roadhouse (TXRH) Continues Strong Growth Trajectory Texas Roadhouse (NASDAQ: NASDAQ:TXRH ), a renowned name in the casual dining segment, has once again showcased its resilience and growth potential despite facing headwinds in the economic landscape. With a steadfast focus on operational excellence, strategic expansion, and prudent financial management, NASDAQ:TXRH has not only weathered the storm but also emerged as a beacon of success in the restaurant industry. Solid Financial Performance: NASDAQ:TXRH 's recent financial results for the fiscal year ended December 26, 2023, paint a picture of robust growth and efficiency. Comparable restaurant sales surged by double digits, depicting the enduring appeal of the brand among consumers. Notably, the company witnessed an impressive uptick in average weekly sales, fueled by a balanced mix of dine-in and to-go orders, reflecting the adaptability of its business model to evolving consumer preferences. Operational Efficiency and Margin Expansion: One of the key highlights of NASDAQ:TXRH 's performance is its relentless pursuit of operational efficiency. Despite facing inflationary pressures on multiple fronts, including commodity costs and labor expenses, the company managed to expand its restaurant margin dollars significantly. This feat underscores NASDAQ:TXRH 's ability to effectively manage costs while driving top-line growth, thereby enhancing shareholder value. Strategic Expansion and Development Pipeline: NASDAQ:TXRH 's ambitious growth agenda is evident from its expansion efforts in 2023, marked by the opening of numerous company-owned and franchise restaurants. The company's CEO, Jerry Morgan, expressed confidence in the development pipeline for 2024, with plans for new restaurant openings underway. This strategic expansion not only strengthens NASDAQ:TXRH 's market presence but also underscores its commitment to delivering exceptional dining experiences to customers across diverse geographies. Resilient Outlook and Investor Confidence: Despite prevailing economic uncertainties, NASDAQ:TXRH remains optimistic about its prospects for 2024. The company's management reaffirmed its expectations for positive comparable restaurant sales growth and store week expansion, underpinned by prudent pricing strategies and operational efficiencies. Moreover, NASDAQ:TXRH 's decision to increase its quarterly cash dividend reflects management's confidence in the company's financial strength and long-term growth trajectory, further enhancing investor confidence. Closing Thoughts Texas Roadhouse ( NASDAQ:TXRH ) continues to outperform expectations, driven by its unwavering commitment to operational excellence, strategic expansion, and prudent financial management. Despite facing challenges posed by inflationary pressures and economic headwinds.
NASDAQ:TXRHLong
by DEXWireNews
$TXRH Will we finally get the breakoutTexas Roadhouse has been in a descending channel since April and recently put in a double bottom, which what appears to be a sellers climax and we should get a breakout here to the upside. Recently some price target upgrades - go figure I'm long MAR 95 calls . Note, a rejection at trend line resistance bulls would want to see support on the 88 VP shelf. I will most likely hold this swing unless a break below 88 is validated. TXRH originally caught my eye due to the UOA some whale call buys and I like the technical set up. First PT 95.75 , continuation there to 99.5
NASDAQ:TXRHLong
by FriscoTrades
$TXRH Unusual Option Activity Texas RoadhouseCaught some UOA flow for $TXRH - MAR 22 95C Current open interest is 9,487 I always study the charts when I see a big call / put buyer especially for a name that's not as common. Looks like a volume uptick from recent ER, at good volume shelf support zone and recaptured weekly 21 EMA .... bullish falling wedge pattern. Want to see this breakout or perhaps more consolidation first, but indicators curling up my bias is to the upside. I followed the whale, currently +33% with $97.5 zone first price target. Refer to Ford's recent price action for one of the best examples of multiple falling wedge breakouts.
NASDAQ:TXRHLong
by FriscoTrades
$TXRH is going UP!!!NYSE Earnings strategy signal. Casual dining restaurants operator Texas Roadhouse, Inc. has been increasing sales (from $1.25 bln in 2014 up to $2.21 bln in 2018) and EPS (Earnings per share: from 1.58 in 2014 up to 2.46 in 2019) for 5 years. Four analyst companies published $TXRH rating in 2020. Two of these ratings were upgraded. The company opened some new stores in 2019 and has a strong upward trend. It is strong enough to break the expected EPS of $0.52 per share and expected revenues of $713.75 million. So our hypothesis is that $TXRH is ready for the next gap up after publishing earnings report today after market close. Due to strategy, the buy long can be from the current price (65.5), target profit — +$5 ($70.5), stop-loss — -$5 ($60.5). Risk/reward is 1:1, but correct strategy implementation implies more than 60% of profit trades. More about NYSE Earnings strategy: fondexx.com More information: fondexx.com Education: fondexx.com How to get into our trading chat: fondexx.com Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:TXRHLong
by KozakHlib
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