Texas Roadhouse keeps prospering

Article Excerpt

During the pandemic, Texas Roadhouse implemented savvy strategies to support its businesses. Now, as the economy has normalized, we think it’s very well-positioned to capitalize on its popular offerings to keep attracting dine-in, pick-up and takeout customers. We recommend this stock as a Power Buy. TEXAS ROADHOUSE, $193.41, is a buy. The company (Nasdaq symbol TXRH; TSINetwork Rating: Extra Risk) (texasroadhouse.com; Shares outstanding: 66.7 million; Market cap: $12.9 billion; Dividend yield: 1.3%) is a full-service, casual-dining restaurant chain with 772 locations spread across 49 U.S. states and 10 foreign countries. Each of those restaurants operates under one of three banners—Texas Roadhouse (713 locations), sports restaurant Bubba’s 33 (48), and Jaggers (11). Founded in 1993, the Texas Roadhouse chain offers customers moderately priced, full-service dining. It specializes in handcut steaks cooked over an open grill. Ribs, seafood, chicken, pork chops, pulled pork and vegetable plates are also on the menu, along with hamburgers, salads and sandwiches. Texas Roadhouse also gives its guests a free unlimited supply of in-shell roasted peanuts…