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TXRH $181.38

TXRH target price
181.38
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Texas Roadhouse
Type
Public
Traded as NASDAQ: TXRH
S&P 400 Component
Industry Restaurants
Founded Clarksville, Indiana (February 17, 1993)
Founder W. Kent Taylor
Headquarters Louisville, Kentucky, U.S.
Key people
Willie Nelson (spokesman)
Products Steak, ribs, chicken, and seafood
Website www.texasroadhouse.com

Texas Roadhouse is an American chain restaurant that specializes in steaks and promotes a Western theme. Texas Roadhouse Corporation is headquartered in Louisville, Kentucky. The chain operates about 450 (July 2015) locations in 49 U.S. states, and in Saudi Arabia, Kuwait, United Arab Emirates, Qatar, Philippines and Taiwan. It is known for its free buckets of peanuts at each table along with free yeast rolls.

Texas Roadhouse was founded on February 17, 1993, at the Green Tree Mall in Clarksville, Indiana; across the Ohio River from Louisville. Founder W. Kent Taylor lived in Colorado and worked at nightclubs and restaurants there, having aspirations to attend a culinary school. In 1990, Taylor returned to his hometown of Louisville. He began work as a Kentucky Fried Chicken manager, and had dreams to open a Colorado-themed restaurant. Former Kentucky Governor John Y. Brown, Jr. helped Taylor fulfill his dream by backing him with $80,000. In 1991, Taylor opened Buckhead Hickory Grill, the chain that would eventually become Buckhead Mountain Grill. Taylor was his own executive chef. Brown invested more money and wanted to open a second store in Clarksville, but complications in the partnership caused it to fall apart. Taylor through Scott Canfield found new partners and was forced to use a new name, Texas Roadhouse. A year later, he sold his shares in Buckhead Mountain Grill.

The second Texas Roadhouse opened in Gainesville, Florida. The chain expanded rapidly in the late 1990s, and by the end of 1999, 67 restaurants had been opened. In 2004, the chain began public offerings. In September 2011, Texas Roadhouse started their international expansion, with the first international location in The Dubai Mall, Dubai, UAE.

Texas Roadhouse's slogan is "Legendary Food, Legendary Service". Their mascot is an armadillo named Andy.

The company's restaurants offer entertainment in the form of line dancing. The waiters and waitresses learn line dances to popular country songs and perform line dances throughout the night. The employees also participate in intercompany competitions: bartenders compete in "The Real Bar" competition, and meat cutters in the annual "Meat Hero Competition".

The Roadhouse Corporation supports the homebuilding programs Habitat for Humanity International and Homes For Our Troops. The company also sponsors a road cycling team of about 20 cyclists, along with Willie Nelson tours.

Originally each restaurant had a table called "Willie's Corner", with pictures and memorabilia of Willie Nelson. In 2002, Nelson signed a deal to become the official spokesman of Texas Roadhouse. Since then, Nelson has heavily promoted the chain, including a special on Food Network. Following Nelson's legal issues in recent years, the firm and Willie Nelson no longer have a business relationship, and many restaurants no longer have a Willie's Corner.

Texas Roadhouse serves American cuisine, including steak, ribs, chicken, and seafood. Their main suppliers are JBS Swift and Smithfield Foods. The chain boasts several cooking championships across the country with their ribs and steaks. The menu follows a theme of mushrooms, cheese, and barbecue. Everything on the menu is made from scratch, with the exception of children's menu items Kraft Macaroni & Cheese, applesauce, and hot dogs. This includes the salads and dressings (the only dressing not made from scratch is low-fat ranch), sauces and side dishes. Their steaks are hand-cut (with the exception of the T-bone steaks, which are cut off-site and vacuum-packed) and are never frozen.

The Texas Roadhouse store in Chantilly, Virginia, outraged local police over its conduct following a shooting at the Sully District station of the Fairfax County Police Department (FCPD). After a gunman had opened fire at the station, eventually killing two officers, police cordoned off the area, forcing some local businesses to close for a few hours. In the following days, some businesses closed again during the funeral processions for the two officers due to the large number of people lining the route. The manager of the local Texas Roadhouse claimed losses of $9000 due to these closures and requested that this lost revenue offset the $5000 of fines the store had accrued due to alarm malfunctions. The claim was denied and prompted the FCPD to contact the firm's corporate headquarters in Louisville. Chain officials apologized weeks later and made a donation to a trust fund for the officers' families. They also said the manager had been severely disciplined. The story of this controversy has been circulating as a viral email beginning around 2006, and verified by urban legend website snopes.com. Also, a crisis management firm has used this controversy as an example of poor crisis management and public relations.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-26 Future report Set alerts
Q2 2022 2022-07-28 1.07 1.07
Q1 2022 2022-05-05 1.08 1.08
Q4 2021 2022-02-22 0.76 0.76
Q3 2021 2021-10-28 0.75 0.75
Q2 2021 2021-07-29 1.08 1.08
Q1 2021 2021-04-29 0.00 0.00
Q4 2020 2021-02-18 0.28 0.28
Q3 2020 2020-10-28 0.00 0.00
Q2 2020 2020-08-03 -0.48 -0.48

Ratings

2016-06-16 Initiated Coverage Buckingham Research Neutral $47.00
2016-05-16 Reiterated Rating Robert W. Baird Hold
2016-05-16 Reiterated Rating Sterne Agee CRT Neutral
2016-05-05 Reiterated Rating Jefferies Group Hold $36.00 to $39.00
2016-05-03 Reiterated Rating RBC Capital Hold $42.00 to $44.00
2016-05-03 Reiterated Rating Wells Fargo Hold
2016-05-03 Reiterated Rating BMO Capital Markets Hold
2016-05-03 Reiterated Rating Deutsche Bank Hold $40.00 to $45.00
2016-05-03 Boost Price Target Telsey Advisory Group Outperform $44.00 to $48.00
2016-05-03 Reiterated Rating Royal Bank Of Canada Hold $42.00 to $44.00
2016-05-03 Reiterated Rating Wells Fargo & Co. Hold
2016-05-03 Reiterated Rating Deutsche Bank AG Hold $40.00 to $45.00
2016-05-02 Reiterated Rating Morgan Stanley Sell
2016-04-18 Downgrade Raymond James Outperform to Market Perform
2016-04-18 Downgrade Raymond James Financial Inc. Outperform to Market Perform
2016-04-05 Reiterated Rating Maxim Group Buy $45.00 to $48.00
2016-04-02 Reiterated Rating Longbow Research Buy
2016-02-24 Reiterated Rating Jefferies Group Hold $36.00
2016-02-24 Reiterated Rating BMO Capital Markets Market Perform $38.00
2016-02-24 Reiterated Rating BTIG Research Neutral
2016-02-24 Boost Price Target Credit Suisse Neutral $36.00 to $41.00
2016-02-24 Reiterated Rating Oppenheimer Market Perform
2016-02-24 Boost Price Target Credit Suisse Group AG Neutral $36.00 to $41.00
2016-02-24 Reiterated Rating Oppenheimer Holdings Inc. Market Perform
2016-02-23 Boost Price Target Stifel Nicolaus Buy $50.00
2016-02-23 Boost Price Target Goldman Sachs Neutral $37.00 to $41.00
2016-02-23 Boost Price Target Robert W. Baird Neutral $38.00 to $41.00
2016-02-23 Reiterated Rating Deutsche Bank Hold $39.00 to $40.00
2016-02-23 Boost Price Target RBC Capital Sector Perform $41.00 to $42.00
2016-02-23 Boost Price Target Barclays Overweight $43.00 to $47.00
2016-02-23 Boost Price Target Goldman Sachs Group Inc. Neutral $37.00 to $41.00
2016-02-23 Boost Price Target Barclays PLC Overweight $43.00 to $47.00
2015-11-05 Downgrade Morgan Stanley Equal Weight to Underweight $37.00 to $32.00
2015-11-03 Lower Price Target JPMorgan Chase & Co. $41.00 to $38.00
2015-11-03 Reiterated Rating Barclays Buy $43.00 to $41.00
2015-11-03 Boost Price Target RBC Capital Sector Perform $40.00 to $41.00
2015-10-19 Upgrade KeyBanc Sector Weight to Overweight $45.00
2015-10-19 Upgrade KeyCorp Sector Weight to Overweight $45.00
2015-09-29 Initiated Coverage Telsey Advisory Group Outperform $44.00
2015-09-11 Initiated Coverage Maxim Group Buy $45.00
2015-08-04 Boost Price Target BMO Capital Markets Market Perform $34.00 to $38.00
2015-08-04 Reiterated Rating Oppenheimer Hold
2015-07-15 Initiated Coverage BTIG Research Neutral
2015-07-01 Initiated Coverage Goldman Sachs Neutral $40.00
2015-05-29 Initiated Coverage Deutsche Bank Hold $36.00
2015-05-26 Reiterated Rating Stephens Overweight $42.00
2015-05-09 Reiterated Rating JPMorgan Chase & Co. Neutral $34.00 to $35.00
2015-05-05 Boost Price Target Barclays Overweight $40.00 to $41.00
2015-05-05 Reiterated Rating Oppenheimer Hold
2015-05-05 Boost Price Target Jefferies Group Hold $34.00 to $36.00
2015-03-11 Initiated Coverage Credit Agricole Neutral $35.00
2015-03-11 Initiated Coverage Credit Agricole SA Neutral $35.00
2015-03-10 Initiated Coverage Credit Suisse Neutral $35.00
2015-02-24 Reiterated Rating Oppenheimer Market Perform
2015-02-24 Boost Price Target Wunderlich Hold $33.00 to $40.00
2015-02-24 Boost Price Target Miller Tabak Hold $34.00 to $36.00
2015-02-24 Boost Price Target Telsey Advisory Group Market Perform $33.00 to $41.00
2015-01-06 Reiterated Rating Jefferies Group Hold $26.00 to $30.00
2015-01-05 Downgrade Miller Tabak Buy to Hold $34.00
2014-12-03 Downgrade RBC Capital Outperform to Sector Perform $32.00 to $33.00
2014-12-01 Downgrade Raymond James Strong-Buy to Outperform
2014-11-26 Reiterated Rating Miller Tabak Buy $34.00
2014-11-18 Boost Price Target Wunderlich Hold $28.00 to $33.00
2014-11-18 Initiated Coverage BMO Capital Markets Hold $28.00 to $33.00
2014-11-17 Boost Price Target Barclays Overweight $32.00 to $34.00
2014-10-14 Downgrade KeyBanc Buy to Hold $30.00
2014-10-09 Initiated Coverage BMO Capital Markets Market Perform $29.00
2014-08-25 Upgrade Stephens Equal Weight to Overweight
2014-08-05 Reiterated Rating Deutsche Bank Hold $25.00 to $26.00
2014-05-27 Initiated Coverage RBC Capital Outperform $6.00
2014-05-06 Lower Price Target Wunderlich Hold $30.00 to $28.00
2014-05-02 Reiterated Rating RBC Capital Buy
2014-04-15 Boost Price Target Barclays Overweight $29.00 to $32.00
2014-03-26 Upgrade KeyBanc Hold to Buy
2014-02-25 Boost Price Target JPMorgan Chase & Co. $25.00 to $26.00
2014-02-10 Upgrade Raymond James Outperform to Strong-Buy $29.00
2014-02-07 Initiated Coverage Longbow Research Buy
2013-11-20 Boost Price Target Barclays Overweight $27.00 to $29.00
2013-11-12 Boost Price Target Wunderlich Hold $27.00 to $30.00
2013-11-12 Reiterated Rating Raymond James Buy $31.00
2013-11-08 Initiated Coverage RBC Capital Sector Perform to Outperform $32.00
2013-10-30 Boost Price Target Raymond James Outperform $27.50 to $31.00
2013-10-29 Reiterated B. Riley & Co. Neutral $22 to $25
2013-10-29 Boost Price Target Jefferies Group Hold $21.00 to $26.00
2013-10-29 Boost Price Target BMO Capital Markets Market Perform $27.00 to $30.00
2013-10-29 Boost Price Target Deutsche Bank Hold $24.00 to $27.00
2013-10-29 Boost Price Target Barclays Overweight $25.00 to $27.00
2013-10-29 Reiterated Rating Stifel Nicolaus Buy $30.00 to $35.00
2013-10-29 Boost Price Target B. Riley Neutral $22.00 to $25.00
2013-10-21 Upgrade Ned Davis Research Neutral to Buy
2013-10-14 Upgrade Miller Tabak Hold to Buy $26.00 to $31.00
2013-09-25 Initiated Coverage Northcoast Research Buy
2013-03-05 Downgrade Miller Tabak Buy to Hold
2012-02-22 Reiterated RBC Capital Mkts Sector Perform $17 to $19
2016-06-16 Initiated Coverage Buckingham Research Neutral $47.00
2016-05-16 Reiterated Rating Robert W. Baird Hold
2016-05-16 Reiterated Rating Sterne Agee CRT Neutral
2016-05-05 Reiterated Rating Jefferies Group Hold $36.00 to $39.00
2016-05-03 Reiterated Rating RBC Capital Hold $42.00 to $44.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Taylor Wayne Kent Chairman of Company and Board 5.44%  (3779473) PZZA / TXRH /
Ortiz Steven L Chief Operating Officer 0.47%  (329884) TXRH /
HART MARTIN T 0.19%  (129008) TXRH / VCLK /
Ramsey James 0.16%  (114418) TXRH /
PARKER JAMES F 0.13%  (92060) TXRH /
Colosi Scott Matthew Chief Financial Officer 0.09%  (63202) TXRH /
COOPER GEORGE PRICE IV Chief Financial Officer 0.06%  (42714) KKD / TXRH /
Jacobsen S. Chris Chief Marketing Officer 0.02%  (16533) TXRH /
Catlett Celia General Counsel 0.02%  (12429) TXRH /
WIDMER KATHY 0.02%  (10950) RDEN / TXRH /