Texas Roadhouse, Inc.
- Open
- 198.08
- Day high
- 199.90
- Day low
- 194.79
- Prev close
- 198.99
- Volume
- 571K
- Mkt cap
- $12.8B
- P/E (TTM)
- 31.3
- EPS (TTM)
- $6.26
- P/B
- 8.2
- P/S
- 2.1
- Yield
- 0.77%
- Per share
- $1.50
- ▼Insiders net selling -$4.3M over the last 3 months (0 open-market buys, 7 sales)
- 🏛Institutions accumulating (13F)
Texas Roadhouse, Inc. (TXRH) is a Consumer Cyclical company listed on NASDAQ. The stock is up 15% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 7 sales (SEC Form 4). Drillr has 2 published research articles covering TXRH.
Texas Roadhouse, Inc. (TXRH) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 11 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TXRH earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 6, 2026 | $1.83 | $1.85 | +1.1% | $1.7B | +0.4% |
| May 7, 2026 | $1.80 | $1.87 | +4.1% | $1.6B | +0.0% |
| Feb 19, 2026 | $1.54 | $1.28 | -16.8% | $1.5B | -8.4% |
| Nov 6, 2025 | $1.28 | $1.25 | -2.6% | $1.4B | +0.4% |
| Aug 7, 2025 | $1.91 | $1.86 | -2.6% | $1.5B | +0.5% |
| May 8, 2025 | $1.77 | $1.70 | -4.1% | $1.4B | +0.2% |
| Feb 20, 2025 | $1.64 | $1.73 | +5.7% | $1.4B | +2.2% |
| Oct 24, 2024 | $1.32 | $1.26 | -4.4% | $1.3B | -9.4% |
| Jul 25, 2024 | $1.64 | $1.79 | +9.4% | $1.3B | +0.2% |
| May 2, 2024 | $1.63 | $1.69 | +3.9% | $1.3B | -0.3% |
| Feb 15, 2024 | $1.06 | $1.08 | +2.0% | $1.2B | +0.3% |
| Oct 26, 2023 | $1.06 | $0.95 | -10.5% | $1.1B | -0.1% |
TXRH insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 27, 2026 | Carroll Hugh Jdirector | Sell | 650 | $203.99 |
| Aug 27, 2026 | Marshall Lloyd Paulofficer: CHIEF GROWTH OFFICER | Sell | 500 | $204.65 |
| Aug 21, 2026 | Morgan Gerald L.director, officer: CEO, EXECUTIVE VICE CHAIRMAN | Sell | 15,000 | $202.17 |
| Aug 19, 2026 | EPPS DONNA Edirector | Sell | 820 | $206.56 |
| Aug 19, 2026 | Humpich Keithofficer: CHIEF ACCT & FIN SVCS OFFCR | Sell | 819 | $204.11 |
| Aug 13, 2026 | MOORE GREGORY Ndirector | Sell | 3,000 | $208.32 |
| Jul 6, 2026 | Renfroe Sean Gofficer: GENERAL COUNSEL | Sell | 426 | $192.53 |
| Jul 6, 2026 | Humpich Keithofficer: CHIEF ACCT & FIN SVCS OFFCR | Option | 2,114 | — |
| Jul 6, 2026 | Humpich Keithofficer: CHIEF ACCT & FIN SVCS OFFCR | Tax | 636 | $191.48 |
| Jul 6, 2026 | Renfroe Sean Gofficer: GENERAL COUNSEL | Option | 1,218 | — |
| Jul 6, 2026 | Renfroe Sean Gofficer: GENERAL COUNSEL | Tax | 367 | $191.48 |
| Jul 6, 2026 | Carroll Hugh Jdirector | Option | 2,667 | — |
| May 28, 2026 | Colson Christopher C.officer: CHIEF BUSINESS & ADMIN OFFICER | Sell | 499 | $179.22 |
| May 19, 2026 | Abell Jane Grotedirector | Sell | 339 | $177.43 |
| May 15, 2026 | Marshall Lloyd Paulofficer: CHIEF GROWTH OFFICER | Sell | 1,000 | $178.34 |
Source: TXRH SEC Form 4 filings, latest Aug 27, 2026. For informational purposes only — not investment advice.
See the full TXRH insider & 13F page →TXRH research & analysis
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Texas Roadhouse, Inc. company profile
Overview
Texas Roadhouse, Inc. (NASDAQ:TXRH) is a casual dining restaurant chain founded in 1993 and headquartered in Louisville, Kentucky. The company went public in 2004 and has grown to become one of America's most recognizable steakhouse brands. Texas Roadhouse operates over 750 restaurants systemwide across the United States and internationally, serving hand-cut steaks, made-from-scratch sides, and fresh-baked bread in a lively, western-themed atmosphere. The company has expanded beyond its flagship brand to include Bubba's 33 sports grills and Jaggers quick-service restaurants, positioning itself as a multi-concept restaurant operator focused on legendary food, service, and value.
Business
Texas Roadhouse operates in the casual dining restaurant industry, which sits between fast-casual and fine dining segments. The company's core business revolves around full-service restaurants that offer table service, alcoholic beverages, and a dining experience that encourages longer customer visits compared to quick-service establishments. The company operates three distinct restaurant concepts. Texas Roadhouse represents the flagship brand and generates the majority of revenue, specializing in hand-cut steaks, ribs, chicken, and seafood served in western-themed restaurants featuring peanut shells on floors, country music, and line dancing. These restaurants average approximately $159,000 in weekly sales and target the broad American dining market with moderately priced steaks and casual atmosphere. Bubba's 33 operates as a sports grill concept focusing on families and sports fans, offering burgers, wings, and comfort food in a sports bar environment with numerous televisions and games. These locations generate around $119,000 in average weekly sales and serve as the company's answer to the sports bar dining segment. Jaggers represents the company's newest concept, operating as a quick-service burger restaurant targeting the fast-casual segment. With average weekly sales of approximately $71,000, Jaggers focuses on made-to-order burgers and represents the company's entry into higher-frequency, lower-ticket dining occasions. The Texas Roadhouse brand likely accounts for approximately 85-90% of total revenue based on the number of locations and average unit volumes, while Bubba's 33 and Jaggers represent smaller but growing segments of the business.
Revenue model
Texas Roadhouse generates revenue primarily through restaurant sales from food and beverage purchases by dining customers. The company operates under both company-owned and franchised models, earning revenue directly from company-operated locations and collecting franchise fees and royalties from licensed operators. The business model centers on high-volume, moderate-price-point dining experiences. With average unit volumes exceeding $8 million annually at Texas Roadhouse locations, the company focuses on maximizing customer traffic through value pricing, large portion sizes, and consistent quality. The revenue mix includes approximately 87% food sales and 13% beverage sales, with to-go orders representing about 12.6% of total sales. Several factors influence the company's profit margins. Commodity costs, particularly beef prices, significantly impact margins since steaks represent the core menu offering. The company faces ongoing inflationary pressures, with 2025 commodity inflation guidance at 4% and labor inflation at 4-5%. Labor productivity improvements through technology investments like digital kitchens and better staff retention help offset wage increases. Pricing power allows the company to implement modest menu price increases while maintaining its value proposition. Operational leverage occurs when same-store sales growth exceeds the growth in fixed costs, allowing higher margins. The company has demonstrated this through traffic growth of 4.4% in 2024 while managing labor hours growth below historical ratios. Competition from other casual dining chains and changing consumer preferences toward convenience and delivery could pressure margins, though Texas Roadhouse has maintained strong performance relative to industry peers.
Competitive moat
Texas Roadhouse possesses a moderate but sustainable competitive moat built primarily around brand strength, operational execution, and cultural differentiation. The company's moat stems from several key factors that create customer loyalty and operational advantages. The brand experience represents the strongest moat element, combining made-from-scratch food preparation, hand-cut steaks, fresh-baked bread, and a distinctive western atmosphere with line dancing and peanut shells. This creates an experiential dining occasion that's difficult to replicate and generates strong customer loyalty, evidenced by consistent traffic growth even during challenging economic periods. Operational excellence provides another moat layer through the company's focus on food quality, service consistency, and value pricing. The company's ability to maintain food costs through strategic purchasing, combined with technology investments in digital kitchens and guest management systems, creates operational efficiencies that competitors struggle to match. However, the moat faces several challenges. The casual dining industry remains highly competitive with low switching costs for consumers. Delivery and convenience trends favor fast-casual concepts over full-service restaurants, though Texas Roadhouse has maintained strong dine-in traffic. Labor-intensive operations make the business vulnerable to wage inflation and staffing challenges that affect the entire industry. The company's geographic expansion potential and multi-concept strategy provide some protection, but the core Texas Roadhouse concept may face saturation in key markets. While the brand maintains strong performance, the moat is more dependent on consistent execution than structural competitive advantages.
Risks & safety
Texas Roadhouse demonstrates solid financial stability with manageable debt levels and strong cash generation, though working capital management presents some considerations. • Liquidity position: $245 million in cash and short-term investments provides adequate liquidity buffer, though current ratio of 0.62 indicates working capital management challenges typical of restaurant operations • Debt management: Debt-to-equity ratio of 0.63 represents moderate leverage levels that are manageable given strong cash flow generation of over $750 million from operations • Profitability metrics: ROE of 32% and consistent EBITDA margins demonstrate strong operational performance and capital efficiency • Valuation considerations: Trading at 25-28x P/E ratio and 16-18x EV/EBITDA suggests premium valuation that leaves limited margin for execution missteps • Cash flow strength: Free cash flow of $399 million in 2024 provides financial flexibility for growth investments and shareholder returns • Other factors: Restaurant industry exposure to consumer discretionary spending and labor cost inflation creates some cyclical risk, though the company has demonstrated resilience through various economic cycles
Recent development
Over the past few years, Texas Roadhouse has pursued several strategic initiatives focused on technology enhancement, operational efficiency, and controlled growth. The company has invested heavily in digital transformation, implementing digital kitchen systems across its restaurant base to improve back-of-house organization and cooking efficiency. By 2025, nearly all restaurants are expected to complete this conversion, which has already shown benefits in kitchen workflow and staff productivity. The company has also upgraded its guest management systems and introduced the Roadie First technology platform to enhance the customer experience and operational capabilities. These technology investments complement traditional operational improvements and help manage labor costs more effectively. Menu innovation and pricing strategy have evolved to maintain value positioning while addressing inflation. The company has introduced regional beverage menus, mocktails across all brands, and strategic pricing adjustments including a $5 all-day beer and margarita offering to drive traffic during slower periods. Multi-concept development represents another key strategic focus, with measured expansion of Bubba's 33 locations and the introduction of Jaggers as a quick-service concept. The company opened its first international Jaggers location and continues to refine each brand's positioning and operational model. Real estate strategy includes selective franchise acquisitions, such as the purchase of 13 franchise restaurants in Indiana, Ohio, and California, allowing the company to maintain quality standards and capture additional economics in key markets. The company maintains disciplined growth targets of approximately 30 new company-owned restaurants annually across all concepts.
TXRH company profile · for informational purposes only — not investment advice.
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