Texas Roadhouse Executive Sells $245,860 in Investing.com Stock

Christopher C. Colson, Chief Legal & Administrative Officer of Texas Roadhouse Inc. (NASDAQ:), recently completed a significant stock transaction. On January 10, 2024, Colson sold 1,370 shares of company stock at a price of $179.46 per share, for a total value of approximately $245,860. This disposition occurred pursuant to a Rule 10b5-1 plan established in May 2024.

In addition, Colson made additional transactions in early January. On January 8, 2024, he received 4,200 shares through the transfer of restricted stock units, which were fully vested at the time of the transaction. In addition, Colson sold 1,330 shares at a price of $181.27 per share, totaling approximately $241,089, to settle related tax liabilities.

Following the completion of these transactions, Colson now directly owns a total of 10,000 Texas Roadhouse shares.

In other recent company news, Texas Roadhouse experienced solid business performance with revenue growth of 13.91% year-over-year. The company has signed new contracts with key personnel such as CEO Jerry Morgan and CFO Chris Monroe, ensuring leadership continuity. Goldman Sachs has assigned a “Neutral” rating to Texas Roadhouse shares.

The company has also decided to pay a dividend of $0.61 per share. In 2025, Texas Roadhouse plans to open approximately 30 new restaurants and acquire 13 franchise locations. In its future guidance, the company expects revenue to grow 13.5% and diluted earnings per share to increase 32.5% to $1.26.

Recent successes include the opening of seven company-owned and three international franchise locations. However, investors should note that this information reflects current status and is subject to change. The company has not made any forecasts regarding the future price development of the share price.

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