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NEW YORK, January 12, 2026 – A hefty stock sale by Texas Roadhouse CEO Gerald L. Morgan is raising eyebrows. On January 12,2026,Morgan sold 5,000 shares of $TXRH for an estimated $935,650,according to a recent SEC filing-a move that signals a potential shift in confidence from a top executive.
Insider Selling at Texas Roadhouse
Table of Contents
Recent transactions reveal a pattern of selling among company insiders.
- Gerald L. Morgan, CEO of $TXRH, recently sold a significant portion of his shares.
- Insiders have overwhelmingly been sellers of $TXRH stock over the past six months.
- Institutional investors have shown mixed signals,with both additions and reductions in their $TXRH holdings.
- $TXRH reported revenues of $1.4 billion in Q3 2025, a 12.83% increase year-over-year.
- Wall street analysts maintain a generally positive outlook on $TXRH, with predominantly “buy” ratings.
The sale represents approximately 4.9% of Morgan’s holdings of this class of stock. Over the past six months, insiders have sold $34.88 million worth of $TXRH shares, with no reported purchases. This trend suggests a potential lack of confidence in the company’s short-term prospects among those with inside knowledge.
Institutional investor Activity
Recent quarter, 271 institutional investors added shares to their portfolios, while 340 decreased their positions.
Notable moves include:
- CAPITAL WORLD INVESTORS added 1,908,033 shares (+580.2%) in Q3 2025, valued at approximately $317,019,682.
- INVESCO LTD. removed 1,893,877 shares (-72.7%) in Q3 2025, valued at approximately $314,667,663.
- BALYASNY ASSET MANAGEMENT L.P. added 946,795 shares (+inf%) in Q3 2025, valued at approximately $157,309,989.
- POINT72 ASSET MANAGEMENT, L.P. added 936,924 shares (+inf%) in Q3 2025, valued at approximately $155,669,922.
- VICTORY CAPITAL MANAGEMENT INC added 860,571 shares (+770.6%) in Q3 2025, valued at approximately $142,983,871.
- WESTFIELD CAPITAL MANAGEMENT CO LP removed 705,622 shares (-100.0%) in Q3 2025, valued at approximately $117,239,095.
- STEADFAST CAPITAL MANAGEMENT LP added 635,178 shares (+99.2%) in Q3 2025, valued at approximately $105,534,824.
Revenue and Analyst Outlook
$TXRH reported revenues of $1.4 billion in Q3 2025,representing a 12.83% increase compared to the same period last year. Despite the insider selling, Wall Street remains largely optimistic about the stock. Five firms have issued “Buy” ratings, with no “Sell” ratings reported in recent months.
Recent analyst ratings include:
- Truist Securities issued a “Buy” rating on January 8, 2026.
- Morgan Stanley issued a “Overweight” rating on November 10, 2025.
- UBS issued a “Buy” rating on November 3, 2025.
- Mizuho issued a “Outperform” rating on October 28, 2025.
- Guggenheim issued a “Buy” rating on September 16, 2025.
Analysts have established price targets for $TXRH, with a median target of $190.
