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Texas Roadhouse Shares Eaten Up by Big Money

By:
Lucas Downey
Published: May 3, 2024, 19:46 GMT+00:00

Texas Roadhouse, Inc. (TXRH) shares are up 29% this year. Big Money investors have been feasting on the stock for a long time.

Nasdaq Sphere, FX Empire

In this article:

Texas Roadhouse Shares Surge on Big Money Buying

Institutional volumes reveal a lot. TXRH has enjoyed heavy Big Money buying over the last year, which we believe to be institutional accumulation.

Each green bar signals unusual trading action in TXRH stock. The green color indicates our proprietary inflow signal:

Source: www.mapsignals.com

Plenty of discretionary names are under accumulation right now. But when you dive into the fundamentals, there’s a special tailwind going on with Texas Roadhouse.

Texas Roadhouse Fundamental Analysis

Institutional support and healthy fundamentals make this company interesting. As you can see, TXRH has had tasty sales and EPS growth in recent years:

  • 3-year sales growth rate (+25.2%)
  • 3-year EPS growth rate (+236.5%)

Source: FactSet

The one-year EPS outlook is estimated to increase by +11.3%.

Now it makes sense why the stock has been powering to new heights. TXRH is gaining due to strong earnings performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

TXRH has recently been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report numerous times over the years. The blue bars below show when TXRH was a top pick cutting through the noise.

Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit. Today’s money flows often reveal tomorrow’s leaders.

Texas Roadhouse Price Prediction

The TXRH rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in TXRH at the time of publication.

If you are a Registered Investment Advisor (RIA) or a serious investor looking to take your investing to the next level, learn more about the MAPsignals process here.

About the Author

Lucas Downeycontributor

Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.

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