Regina A. Tobin, the President of Texas Roadhouse Inc (NASDAQ:TXRH), reported a sale of 4,450 shares of company common stock on March 19, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were disposed of at $171.00 per share, producing proceeds of $760,950.
Following the sale, Tobin directly holds 13,778 shares of Texas Roadhouse. In addition to her directly owned shares, Tobin has 4,200 Restricted Stock Units that vest on January 8, 2027, and another 11,100 Restricted Stock Units that vest on January 8, 2028. Each restricted unit represents a conditional entitlement to one share of Texas Roadhouse common stock.
At the time of the filing, the casual dining operator carries a market capitalization of $11.3 billion and trades at a price-to-earnings ratio of 27.96. The insider sale occurs amid recent quarterly results that missed consensus expectations and prompted a range of analyst reactions.
Texas Roadhouse reported fourth-quarter 2025 earnings per share of $1.28, which fell short of consensus estimates by $0.22. The company attributed part of its weaker performance to higher beef costs and weather-related disruptions, factors analysts said affected same-store sales and overall profitability.
Following the earnings release, several brokerages updated their models and price targets. Truist Securities and BMO Capital each reduced their price targets to $186 and $165 respectively while keeping their existing ratings unchanged. Stephens moved in the opposite direction on price targets, raising its target to $180 and noting a more favorable margin outlook despite the reported earnings miss. KeyBanc reiterated a Sector Weight rating while acknowledging ongoing inflationary pressures on margins.
The filing and the contemporaneous analyst activity provide a snapshot of insider liquidity and external expectations for the business. The transaction and the companys recent results highlight how cost inputs and operating disruptions can influence near-term profitability metrics and analyst valuation assessments.
Summary of the transaction and related context:
- Insider sale: 4,450 shares sold at $171.00 on March 19, 2026, totaling $760,950.
- Post-sale holdings: 13,778 directly owned shares; 4,200 RSUs vesting January 8, 2027; 11,100 RSUs vesting January 8, 2028.
- Recent financials: Q4 2025 EPS of $1.28, missing estimates by $0.22; company cited beef inflation and weather disruptions as pressures.
- Analyst responses: Truist and BMO lowered price targets to $186 and $165 respectively; Stephens raised its target to $180; KeyBanc maintained Sector Weight.