Hot NEWS to Target: Texas Roadhouse Inc (NASDAQ:TXRH)

Texas Roadhouse Inc (NASDAQ:TXRH) stock dropped -1.19% and closed at 52.38. The stock opened the session at $52.76 and touched its highest price point at $53.44. Its recent trading capacity is 1561491 shares versus to its average trading volume of 995056 shares. The company’s stock’s lowest price point for the session stood at $51.52.TXRH traded as low as $ 50.84 in the past 52 weeks, and shares hit its peak level to $75.24.

Texas Roadhouse (NASDAQ:TXRH) reported that its President, Scott Colosi, has retired effective Thursday, June 20, 2019.

Colosi was hired in 2002 as Chief Financial Officer and was later promoted to President in 2011. During Colosi’s tenure, Texas Roadhouse was named one of the nation’s most Trustworthy Companies by Forbes and recently was named the Brand of the Year by the Harris Poll.

Kent Taylor, Chief Executive Officer of Texas Roadhouse, commented, “Scott has provided tremendous value to Texas Roadhouse over the past 17 years. He was instrumental in taking us public in 2004 and has contributed significantly to the growth of our brands. We wish Scott the best of luck as he embarks on his retirement.”

Along with his current roles, Taylor, who founded the company in 1993, will assume the role of President.

  Texas Roadhouse (TXRH) stock observed trading -30.38% off 52-week high price. On the other end, the stock has been noted 3.03% away from low price over the last 52-weeks. The stock disclosed a move of -6.10% away from 50 day moving average and -15.81% away from 200 day moving average. Moving closer, we can see that shares have been trading -2.51% off 20-day moving average. It has market cap of $3758.27M and dividend yield of 2.29%.

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