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Texas Roadhouse, Inc. (TXRH) is a casual dining restaurant company headquartered in Louisville, Kentucky. It operates three distinct restaurant concepts, offering a variety of scratch-made food and beverages. TXRH primarily sells steaks, burgers, chicken, and other entrées, complemented by sides, appetizers, and desserts.
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Restaurant and Other Sales - Operates full-service casual dining restaurants under the Texas Roadhouse, Bubba’s 33, and Jaggers brands, offering scratch-made food such as steaks, burgers, chicken, and salads, along with beverages and desserts.
- Texas Roadhouse - Features hand-cut steaks, ribs, seafood, chicken, and pork dishes, served with made-from-scratch sides and complimentary peanuts and yeast rolls.
- Bubba’s 33 - Offers burgers, pizza, wings, and sandwiches in a rock 'n' roll ambiance with ice-cold beer and cocktails.
- Jaggers - Provides fast-casual options like burgers, chicken sandwiches, fresh salads, and milkshakes, with drive-thru and delivery services.
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Franchise Royalties and Fees - Generates revenue from franchised restaurants through royalty payments and licensing fees, supporting domestic and international franchise operations.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Christopher C. Colson Executive | Chief Legal and Administrative Officer | Christopher C. Colson is the Chief Legal and Administrative Officer at Texas Roadhouse since January 2023. He also serves as Corporate Secretary since August 2019 and has been with the company since 2005. | ||
D. Christopher Monroe Executive | Chief Financial Officer | D. Christopher Monroe has served as the Chief Financial Officer (and Principal Financial Officer) of Texas Roadhouse since June 2023, overseeing the company’s finance functions. He previously held senior finance roles at Southwest Airlines, including Senior Vice President of Finance and Treasurer. | ||
Gerald L. Morgan Executive | Chief Executive Officer | CEO of Texas Roadhouse, Inc. since March 2021, previously serving as President from December 2020 until January 2023 and holding various leadership roles since joining in 1997. | View Report → | |
Hernan E. Mujica Executive | Chief Technology Officer (CTO) | Hernan E. Mujica is the Chief Technology Officer (CTO) of Texas Roadhouse since January 2023. He previously served as Chief Information Officer (CIO) from June 2021 until his appointment as CTO and initially joined TXRH in January 2012 as Vice President of Information Technology. | ||
Regina A. Tobin Executive | President | Regina A. Tobin became President in January 2023 after joining TXRH in 1996 and serving as Chief Learning and Culture Officer from June 2021 to January 2023. | ||
Travis C. Doster Executive | Chief Communications Officer | Travis C. Doster has been serving as the Chief Communications Officer at Texas Roadhouse since November 9, 2023. Previously, he held roles including Director of Communications (2006), Senior Director, and Vice President of Communications (2018) at the company. | ||
Curtis A. Warfield Board | Director | President and CEO of Windham Advisors LLC; Board Member at Talkspace, Inc. | Curtis A. Warfield has been a non-employee director at TXRH since 2018, bringing extensive financial, accounting, and executive management experience to the board. He has also held senior roles such as President and CEO of Windham Advisors LLC and joined the board of Talkspace, Inc. in 2021. | |
Donna E. Epps Board | Director | Independent Director at Saia, Inc. ; Independent Director at Texas Pacific Land Corporation | Donna E. Epps has served as a director at Texas Roadhouse, Inc. since 2021 and functions as the Chairperson of the Audit Committee as well as a member of the Nominating & Corporate Governance Committee. Her extensive background in accounting and finance, including over 31 years at Deloitte LLP, further substantiates her governance expertise. | |
Gregory N. Moore Board | Chairman of the Board | Board Member of Newegg Commerce, Inc. | Gregory N. Moore is Chairman of the Board at Texas Roadhouse since March 19, 2021. He has been a director since 2005 and brings extensive financial and governance expertise from his previous roles at Arthur Young, PepsiCo, Inc., and Yum! Brands, Inc.. | |
James R. Zarley Board | Member of the Board of Directors | James R. Zarley has served as a TXRH Board Director since 2004 and has contributed to the Audit, Compensation, and Nominating and Corporate Governance Committees, including serving as chair of the Compensation Committee. He brings extensive leadership experience from previous executive roles at Conversant, Hiway Technologies, and Best Internet. | ||
Jane Grote Abell Board | Independent Director, Board of Directors | Executive Chairwoman of the Board of Directors at Donatos Pizza; Chief Purpose Officer at Donatos Pizza | Jane Grote Abell, with over 30 years of restaurant industry experience, was appointed as an independent director to TXRH’s Board on February 28, 2024. She later joined the Audit Committee and the Nominating and Corporate Governance Committee in the 2025 fiscal year, reflecting her extensive leadership and board expertise. | |
Kathleen M. Widmer Board | Director | President and Chief Executive Officer at PRPL Skincare | Kathleen M. Widmer has been serving as a non-employee director at Texas Roadhouse since 2013. She is an active board member, serving on the Compensation Committee and the Nominating and Corporate Governance Committee. | |
Michael A. Crawford Board | Director | Chairman, President, and CEO at Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV); Independent Director at Seaport Entertainment Group (NYSE: SEG) | Michael A. Crawford has been serving as a director at TXRH since 2020, serving on the Audit Committee, Compensation Committee (as Chairperson), and Nominating and Corporate Governance Committee. | |
Wayne L. Jones Board | Independent Director | Wayne L. Jones has over 40 years of experience in the restaurant industry, having served in significant roles including CEO of Anthony’s Coal Fired Pizza from 2017 until his retirement in 2020 and as an independent board member at Craftworks Restaurants from 2015 to 2018; he currently serves as an independent director for Texas Roadhouse, Inc. since June 2, 2023. |
- Given the updated commodity inflation guidance of 3% to 4% and your plan to roll off certain price increases, how do you expect to maintain margins while ensuring your pricing remains competitive, and what specific metrics will you track to validate this strategy?
- With the plan to open approximately 30 company restaurants in 2025 alongside a relocation of up to 9 high-performing stores, what detailed criteria are being used to decide between a new build and a relocation, and how will these decisions drive long-term returns?
- You mentioned mid-single-digit growth in G&A expenses with potential leverage in the back half of the year; what specific cost-control measures are in place to prevent G&A from eroding profitability if overall business growth accelerates faster than expected?
- As you continue rolling out digital kitchen conversions and the AGM 2.0 guest management system, what quantifiable improvements in table turnaround, wait times, or operational efficiency do you expect, and how will these be measured against current benchmarks?
- In light of the challenges highlighted with mix declines—particularly the negative impact from alcohol mix—and the early-stage performance of mocktails, how do you plan to balance evolving consumer preferences while preserving Texas Roadhouse’s strong brand identity and profitability?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
13 franchise restaurants in Indiana, Ohio, California | 2025 | The acquisition was completed on January 1, 2025 for an aggregate purchase price of approximately $78 million, aligning with the company’s strategy to leverage its balance sheet for growth and to boost store week growth by about 2%, while the capital used was excluded from the $400 million capex guidance. |
Eight franchise Texas Roadhouse restaurants in Maryland and Delaware | 2023 | Completed on December 28, 2022 (marking the start of the 2023 fiscal year), this acquisition for approximately $39.1 million (net of cash acquired) was achieved through a step acquisition process, integrating previously held interests and detailed asset allocations, all aligned with the strategy to boost net income and EPS. |
One franchise Texas Roadhouse restaurant in Nebraska | 2022 | Acquired on March 30, 2022 for $6.6 million using a step acquisition process after previously holding a 5.49% equity interest, with a recorded gain of $0.3 million, supporting the company’s long-term strategy to increase net income and earnings per share. |
Seven franchise Texas Roadhouse restaurants in South Carolina and Georgia | 2022 | Completed on December 29, 2021 (first day of the 2022 fiscal year) for an aggregate purchase price of $26.4 million, this acquisition was accounted for using ASC 805 and is part of the company’s broader strategy to expand its restaurant base and enhance shareholder value. |
Recent press releases and 8-K filings for TXRH.
- Total revenue reached $1.447B with net income $113.66M and EPS $1.70 for the 13 weeks ended April 1, 2025 .
- Achieved over $1.4B in revenue with same-store sales up 3.5% and record average weekly sales, underscoring strong demand and operational momentum .
- Recorded a restaurant margin dollar increase to $239M, reflecting improved profitability despite cost pressures .
- Opened 8 company-owned restaurants and noted increased comparable restaurant sales, supporting ongoing expansion .
- Declared a quarterly dividend of $0.68 per share and outlined a capital allocation strategy that includes share repurchases .
- Maintained guidance with commodity inflation around 4% and wage inflation in the 4%-5% range, emphasizing disciplined cost management .
- Texas Roadhouse, Inc. filed an 8-K report on April 24, 2025, detailing key events and updates (e.g., credit facility agreement) ( ).
- The company entered into a material definitive agreement for a five-year, unsecured revolving credit facility with a borrowing base of $450 million, with an option to increase by an additional $250 million, led by JPMorgan Chase and PNC Bank ( ).
- Robust Q4 2024 performance: Achieved total revenue of $1,437,914K, net income of $115,833K, and EPS of $1.73, contributing to nearly $5.4 billion in annual revenue .
- Dividend & Capital Returns: Increased quarterly dividend by 11% to $0.68 per share and approved a $500 million stock repurchase program .
- Strong operational growth: Revenue up by 23.5% driven by improved operational metrics and margin enhancements .
- Key milestones reached: Launched the 750th restaurant systemwide, opened the first international Jaggers, and celebrated the 20-year anniversary as a public company .
- Forward-looking 2025 guidance: Plans include approximately 30 new company restaurant openings, strategic franchise acquisitions, 1.4% menu price adjustments, and technology enhancements with digital kitchen and guest management system upgrades .