Christopher C. Colson, the Chief Legal & Administrative Officer of Texas Roadhouse , Inc. (NASDAQ:TXRH), recently executed a significant stock transaction. On January 10, Colson sold 1,370 shares of the company's common stock at a price of $179.46 per share, totaling approximately $245,860. This sale was part of a pre-arranged Rule 10b5-1 plan established in May 2024.
In addition to the sale, Colson engaged in other transactions earlier in January. On January 8, he acquired 4,200 shares through the vesting of restricted stock units, which were fully vested on the transaction date. Furthermore, Colson disposed of 1,330 shares at a price of $181.27 per share, totaling about $241,089, to cover tax obligations related to the stock vesting.
These transactions left Colson with a total of 10,000 shares of Texas Roadhouse common stock directly owned following the sale.
In other recent news, Texas Roadhouse has been showing strong financial performance with revenue growth of 13.91% in the past year. The company has signed new executive contracts with key officers, including CEO Jerry Morgan and CFO Chris Monroe, ensuring leadership stability. Goldman Sachs (NYSE:GS) has initiated coverage on Texas Roadhouse stock with a Neutral rating.
The company has also approved a dividend payment of $0.61 per share for its shareholders. Texas Roadhouse has announced plans to open around 30 new restaurants and acquire 13 franchised locations in 2025. Additionally, the company has provided future projections, anticipating a revenue growth of 13.5% and a diluted earnings per share increase of 32.5% to $1.26.
Recent developments also include the successful opening of seven company-owned and three international franchise locations. However, investors should note that these are recent developments and are subject to change. The company has not made any forecasts or predictions about future stock performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.