Texas Roadhouse
Runs steak-led dining concepts with a performance-linked restaurant operator model.
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Profile
Operates Texas Roadhouse steak restaurants alongside Bubba's 33 casual dining and Jaggers fast casual, with the namesake concept generating most sales. Growth depends on profitable new locations, suitable sites, restaurant staffing, consistent execution and food inputs, especially beef.
Built around hand-cut steaks, ribs, made-from-scratch sides and fresh-baked bread, the Texas Roadhouse concept anchors a restaurant portfolio that also includes Bubba's 33 and Jaggers. Bubba's 33 serves pizza, burgers and beer in casual dining, while Jaggers offers made-to-order fast-casual burgers, chicken, salads and shakes.
Operations are concentrated in the United States, with the namesake concept also franchised internationally. Company-operated restaurants are supplemented by domestic and international franchise partners.
Execution rests on restaurant-level managing partners whose performance bonuses are tied to pre-tax income, alongside centralized purchasing and standardized food systems. The portfolio depends on profitable openings, suitable real estate, staffing, operator retention, discretionary guest spending and reliable food inputs, particularly beef.
Company facts
Categories
Key statistics
Year to date +16.1% · Average volume (30d) 786.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 10, 2026 | Piper Sandler | Reiterate | Neutral | $192 | $208 |
| Aug 7, 2026 | Morgan Stanley | Reiterate | Overweight | $201 | $212 |
| Aug 7, 2026 | RBC Capital | Reiterate | Outperform | $210 | $235 |
| Aug 7, 2026 | Robert W. Baird | Target | $180 | $235 | |
| Aug 7, 2026 | Wells Fargo | Reiterate | Overweight | $200 | $230 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.83 | $1.85 | +1.1% | $1.67B | $1.68B | +0.4% | −0.08% |
| May 7, 2026Q1 FY26 | $1.80 | $1.87 | +3.9% | $1.64B | $1.63B | −0.1% | +12.32% |
| Feb 19, 2026Q4 FY25 | $1.53 | $1.28 | −16.3% | $1.50B | $1.48B | −0.9% | −2.03% |
| Nov 6, 2025Q3 FY25 | $1.28 | $1.25 | −2.3% | $1.43B | $1.44B | +0.5% | +2.68% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.45B | $1.51B | $1.44B | $1.48B | $1.63B | $1.68B | |
| Gross profit | $246.6M | $265.4M | $211.5M | $158.6M | $214.1M | $369.2M | |
| Operating income | $134.7M | $146.3M | $96.9M | $104.6M | $153.0M | $142.8M | |
| Net income | $113.7M | $124.1M | $83.2M | $84.6M | $123.4M | $121.9M | |
| Diluted EPS | $1.70 | $1.86 | $1.25 | $1.28 | $1.87 | $1.85 | |
| Gross margin | 17.0% | 17.6% | 14.7% | 10.7% | 13.1% | 22.0% | |
| Operating margin | 9.3% | 9.7% | 6.7% | 7.1% | 9.4% | 8.5% |
Fiscal years (4-quarter sums)FY21 $3.46B · FY22 $4.01B · FY23 $4.63B · FY24 $5.37B · FY25 $5.88B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $202.4M · Total debt $1.09B · Total assets $3.67B · Shareholders' equity $1.56B
Dividends
Raised for 14 straight years — most recently to $0.75 from $0.68 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 2, 2026 | Jun 2 | Jun 30 | $0.75 | |
| Mar 17, 2026 | Mar 17 | Mar 31 | $0.75 | raised from $0.68 |
| Dec 2, 2025 | Dec 2 | Dec 30 | $0.68 | |
| Sep 2, 2025 | Sep 2 | Sep 30 | $0.68 | |
| Jun 3, 2025 | Jun 3 | Jul 1 | $0.68 | |
| Mar 18, 2025 | Mar 18 | Apr 1 | $0.68 | raised from $0.61 |
| Dec 10, 2024 | Dec 10 | Dec 31 | $0.61 | |
| Sep 4, 2024 | Sep 4 | Sep 24 | $0.61 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 65.73M · Float 65.44M · 99.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.59M | 10.02% | 13F | Aug 7, 2026 |
| Capital World Investors | 4.34M | 6.60% | 13F | Aug 12, 2026 |
| AQR Capital Management LLC | 4.08M | 6.21% | 13F | Aug 14, 2026 |
| AllianceBernstein L.P. | 3.23M | 4.92% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 3.06M | 4.66% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Hugh J. Carroll | director | −650 | $203.99 |
| Aug 26, 2026 | Lloyd Paul Marshall | officer: CHIEF GROWTH OFFICER | −500 | $204.65 |
| Aug 21, 2026 | Gerald L. Morgan | director, officer: CEO, EXECUTIVE VICE CHAIRMAN | −15,000 | $202.17 |
| Aug 17, 2026 | Donna E. Epps | director | −820 | $206.56 |
| Aug 17, 2026 | Keith Humpich | officer: CHIEF ACCT & FIN SVCS OFFCR | −819 | $204.11 |
Peers
- Darden Restaurants
Direct steakhouse and broad casual-dining overlap
- Bloomin' Brands
Direct steakhouse overlap through Outback Steakhouse
- Brinker International
Scaled bar-and-grill overlap through Chili's
- Dine Brands
Neighborhood casual-dining and fast-casual overlap
- The Cheesecake Factory
Upscale casual-dining overlap across full-service occasions
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Texas Roadhouse | $198.99 | +0.04% | $13.08B | 31.8 | 27.6 | 2.1 | +11.1% |
| Darden Restaurants | $215.68 | −0.03% | $24.70B | 20.8 | 19.1 | 1.9 | +13.7% |
| Bloomin' Brands | $10.52 | −0.66% | $905.8M | 34.1 | 11.4 | 0.2 | +1.3% |
| Brinker International | $230.19 | −0.04% | $9.87B | 21.2 | 17.3 | 1.7 | +5.1% |
| Dine Brands | $33.60 | +0.24% | $426.2M | 68.6 | 7.7 | 0.5 | +4.4% |
| The Cheesecake Factory | $112.01 | −0.06% | $5.57B | 30.4 | 24.3 | 1.4 | +7.7% |
| Median | 30.4 | 17.3 | 1.4 | +5.1% |