Texas Roadhouse CEO Gerald Morgan sells $3.03m in TXRH stock
Gerald L. Morgan, CEO of Texas Roadhouse, sold a total of 15,000 shares of the company’s stock on August 21, 2026, for a sum of $3,032,550. The shares were bought and sold within a price range of $199.63 to $204.47, with an average price of $202.17 per share. Morgan currently owns 80,970 shares of Texas Roadhouse common stock following this sale.
The company’s stock is currently trading near $204, up 24% year-to-date, although InvestingPro data suggests it may be overvalued. Morgan also holds restricted stock units (RSUs) that will vest in the future contingent on his continued service with the company. Texas Roadhouse reported strong second-quarter 2026 results, surpassing analyst expectations with revenue of $1.74 billion and same-store sales growth of 6.2%.
Analysts have differing opinions on the stock's valuation, with Piper Sandler raising its price target to $208, Mizuho maintaining an Outperform rating with a $230 target, Evercore ISI holding a Hold rating with a $200 target, and Benchmark maintaining a Hold rating.
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