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Significant Insider Selling Continues at Texas Roadhouse (TXRH)

05/10/2021 18:29

10:20 PM EDT, 05/10/2021 (MT Newswires) -- A significant insider sale of the shares of Texas Roadhouse was indicated in a form 4 document filed with the SEC today, showing -- James R Zarley, Director -- sold 35,000 shares in the company having a market value of approximately $3,609,439. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 112,071 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 147,071 shares and have averaged 29,414 shares per transaction over this time period.

The number of insider buy/sell trades at Texas Roadhouse is higher than the 12 peer company average over the last 90-day period. The Commercial Food Services peer group saw 19 buy/sell trades during this period for an average of 1.6 transactions per company. The number of shares per buy/sell trade for Texas Roadhouse insiders was also higher. Within the peer group there were 0 shares purchased and 439,229 shares sold with company insiders having sold 23,117 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to create and write this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.