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Wayne L. Jones, a director at Texas Roadhouse , Inc. (NASDAQ:TXRH), a $12.3 billion restaurant chain with a perfect Piotroski Score of 9 according to InvestingPro, has sold 500 shares of the company’s common stock. The transaction, which took place on March 3, 2025, was executed at a price of $185 per share, totaling $92,500. The stock has shown strong momentum with a 24.5% return over the past year and is currently trading near its InvestingPro Fair Value. Following the sale, Jones retains direct ownership of 1,900 shares.
In addition to his common stock holdings, Jones has 1,200 restricted stock units, which are set to vest on January 8, 2026, contingent upon his continued service with the company. These units represent a right to receive an equivalent number of shares of Texas Roadhouse common stock. The company maintains strong financial health with a "GREAT" rating from InvestingPro, which offers 10+ additional exclusive insights about TXRH’s valuation and growth prospects.
In other recent news, Texas Roadhouse has experienced several noteworthy developments. The company reported mixed results for the fourth quarter, with better-than-expected revenue and profitability. However, RBC Capital Markets lowered its price target for Texas Roadhouse from $200 to $180, maintaining a Sector Perform rating due to concerns about future demand trends and inflationary pressures on margins. Similarly, Truist Securities adjusted its price target from $209 to $205, though it maintained a Buy rating, citing strong underlying trends despite weather-related sales impacts.
Guggenheim Securities also revised its price target to $200 from $205, maintaining a Buy rating while adjusting earnings per share estimates for 2025 and 2026. This reflects cautious expectations for the restaurant industry and increased costs. KeyBanc maintained a Sector Weight rating, noting a 7.7% growth in same-store sales in the fourth quarter, although there was a slowdown in early 2025 due to weather and calendar shifts.
Benchmark continued to hold a neutral stance with a Hold rating, suggesting that Texas Roadhouse’s stock is fairly valued at its current price. These recent developments highlight the company’s ongoing challenges and opportunities within the restaurant sector, as analysts adjust their forecasts based on external factors and market conditions.
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