Texas Roadhouse CFO Sells 819 Shares For $167,000
Key Points
The disposition involved 819 shares for an estimated value of ~$167,166 based on the transaction date execution price.
The transaction resulted in a 4% reduction in the officer's total direct equity position in the company.
Ownership is held entirely through direct holdings, with no indirect entities or family trusts cited in the disclosure.
This sale occurred as the equity realized an 18% total return over the 12 months preceding the transaction date.
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Keith Humpich, Chief Accounting & Financial Services Officer, disposed of 819 shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) at $204.11 per share on August 17, 2026. SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | ~$167,166 |
| Shares sold | 819 |
| Post-transaction shares (directly held) | 20,318 |
| Post-transaction value | $4.15 million |
Transaction value based on SEC Form 4 weighted average sale price ($204.11); post-transaction value based on August 17, 2026 market close ($204.40).
Key questions
- What is the scale of this transaction relative to the insider's overall equity commitment?
The disposal of 819 shares represents a 4% adjustment to the officer's direct common stock holdings, leaving a remaining equity position of 20,318 shares. - How does the current transaction price align with recent market performance?
The shares were sold at $204.11, following a period where the stock has generated an 18% return as of the August 17, 2026 transaction date. - Does the officer maintain additional equity incentives beyond direct common stock ownership?
The filing indicates the officer continues to hold 2,800 direct derivative securities, which include restricted stock units that are scheduled to vest in full on January 8, 2027. - How do the company's financial fundamentals support its current market capitalization?
Texas Roadhouse, headquartered in Louisville, reported trailing-twelve-month revenue of $6.2 billion and net income of $413.2 million, supporting its $13.4 billion market capitalization as of the August 18, 2026 market close.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-18) | $203.39 |
| Market Capitalization | $13.4 billion |
| Revenue (TTM) | $6.2 billion |
| Net Income (TTM) | $413.2 million |
Company Snapshot
- Texas Roadhouse operates a portfolio of casual dining restaurants under proprietary brands including Texas Roadhouse, Bubba's 33, and Jaggers, generating revenue through both company-operated locations and franchised establishments across the United States and internationally.
- The company operates a hybrid business model combining direct restaurant operations with franchise licensing arrangements, enabling capital-efficient expansion while maintaining brand consistency and quality control across its portfolio.
- Texas Roadhouse targets middle-market consumers seeking casual dining experiences, with a focus on value-oriented patrons in suburban and secondary markets across North America and select international markets.
Texas Roadhouse, Inc. operates as a leading casual dining restaurant company with a market capitalization of $13.4 billion and TTM revenues of $6.2 billion, serving approximately 101,000 employees across its operating footprint. The company's diversified brand portfolio and hybrid operating model--combining company-operated restaurants with franchised locations--provide operational leverage and geographic diversification. Texas Roadhouse's strategic positioning in the value-oriented casual dining segment, coupled with its established brand recognition and operational scale, supports its competitive positioning within the broader consumer discretionary sector.
What this transaction means for investors
Kevin Humpich's Form 4 filing did not reveal why he recently sold some Texas Roadhouse shares. Still, despite that lack of knowledge, this looks like a sale conducted for portfolio management reasons rather than worries about the company's future.
As previously mentioned, the sale amounted to a 4% reduction in his holdings. Also, given the stock's 125% gain over the last five years, he has good reason to hold the other 96% of his shares.
Despite those gains, the consumer discretionary stock trades at a P/E ratio of 33, slightly above the S&P 500 average of 30, indicating it is probably close to its fair value.
Moreover, revenue grew at 11% annually in the first six months of 2026. Admittedly, rising costs and expenses meant that its net income grew by only 3% over the same period. Nonetheless, this shows shareholders that Texas Roadhouse can maintain growth even in an environment of rising costs.
Although investors may not want to buy the stock under current conditions, growth and valuations are such that investors are unlikely to see many mass insider sell-offs.
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Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Texas Roadhouse. The Motley Fool has a disclosure policy.
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