Insider selling at TXRH is routine and immaterial relative to market cap. CEO Morgan's sale is likely part of a pre-arranged 10b5-1 plan or diversification. No actionable signal — monitor next quarterly earnings for any fundamental changes, but this filing alone does not warrant a trade.
Price Chart
Executive Summary
Two Texas Roadhouse insiders, including CEO Gerald Morgan, sold a combined $3.13M in stock over a week. CEO Morgan's $3.03M sale is the dominant event, representing ~0.02% of market cap — a trivial proportion that falls below the 0.1% materiality threshold. The cluster is entirely sells, but the dollar amount is noise for a $13.4B company, and insider sells are weak predictors per academic literature. Historical calibration on TXRH shows a 33% win rate at T+20 with -3.33% average P&L, reinforcing that this filing lacks actionable signal.
Key Financial Metrics
Key Facts
- CEO Gerald Morgan sold 15,000 shares for $3.03M on 2026-08-21
- Chief Growth Officer Marshall Paul sold 500 shares for $102K on 2026-08-26
- Total cluster value of $3.13M is ~0.02% of TXRH's $13.4B market cap
- No open-market purchases in the cluster; all transactions are sells
- Historical prior reports on TXRH show a 33% win rate at T+20 with -3.33% average P&L
Financial Impact
Total insider sales of $3.13M, representing ~0.02% of market cap — immaterial
Risk Factors
- Insider selling could be misinterpreted as bearish by retail traders
- No purchases to offset the selling signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TXRH-1787875374365 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 5w ago | Insider Cluster | $198.99 $158.45 | ▼ −20.37% | ▼ −20.63% | $156.14 (−21.53%) |
Aug 22, 2026 5w ago | Insider Cluster | $205.29 $166.12 | ▼ −19.08% | ▼ −20.39% | $156.14 (−23.94%) |
Aug 20, 2026 6w ago | Insider Cluster | $201.19 $167.56 | ▼ −16.72% | ▼ −16.72% | $156.14 (−22.39%) |
Jun 24, 2026 14w ago | Institutional Cluster | $187.02 $191.43 | ▲ +2.36% | ▲ +0.43% | $156.14 (−16.51%) |
May 20, 2026 19w ago | Insider Cluster | $177.58 $177.75 | ▲ +0.10% | ▼ −0.64% | $156.14 (−12.07%) |
May 16, 2026 19w ago | Insider Cluster | $176.38 $168.23 | ▼ −4.62% | ▼ −6.20% | $156.14 (−11.48%) |
May 11, 2026 20w ago | 144 | $183.54 $164.00 | ▼ −10.65% | ▼ −10.34% | $156.14 (−14.93%) |
May 11, 2026 20w ago | Insider Cluster | $183.54 $164.00 | ▼ −10.65% | ▼ −10.34% | $156.14 (−14.93%) |
Apr 10, 2026 25w ago | DEFA14A | $163.69 $157.93 | ▼ −3.52% | ▼ −12.05% | $156.14 (−4.61%) |
Apr 9, 2026 25w ago | Press Release | $164.58 $159.69 | ▼ −2.97% | ▼ −10.54% | $156.14 (−5.13%) |
US Market Status
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