Monday, December 11, 2017 10:15 PM ET
Insider Selling in Texas Roadhouse (TXRH) Shares Continues
A filing with the SEC today disclosed a significant insider sale of Texas Roadhouse shares as — Wayne Kent Taylor, Director and Officer — sold 300,000 shares in the company having a market value of approximately $15,279,000. There have been 2 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 5,663 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 305,663 shares and have averaged 101,888 shares per transaction over this time period.
Texas Roadhouse insider trading represents a level of buy/sell trades that is above for the 12 peer company average over the last 90-day period. The Commercial Food Services peer group saw 14 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Texas Roadhouse insiders was also higher. Within the peer group there were 45,070 shares purchased and 198,128 shares sold with company insiders selling 10,933 shares on average.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data used in composing and writing this story.
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