In a remarkable display of market resilience, Texas Roadhouse Inc. (NASDAQ:TXRH) stock has cooked up a record-setting performance, reaching an all-time high of $198. This impressive milestone underscores the company's robust growth trajectory and investor confidence. Over the past year, the steakhouse chain has seen its stock value skyrocket, with a sizzling 1-year change of 92.59%, a testament to its strong financial health and bullish market sentiment. The surge to an all-time high reflects a hearty appetite from investors for Texas Roadhouse's shares, as the company continues to expand its footprint and enhance its menu offerings, further spicing up its appeal in the competitive restaurant industry.
In other recent news, Texas Roadhouse Inc. reported a healthy 8.5% increase in same-store sales and a revenue of approximately $1.3 billion for the third quarter. The company's CEO, Jerry Morgan, highlighted the successful opening of seven company-owned and three international franchise locations during the same period. Additionally, Texas Roadhouse announced plans to open approximately 30 new restaurants in 2025 and acquire 13 franchised locations.
On the financial front, the company projects a revenue growth of 13.5% and a diluted earnings per share increase of 32.5% to $1.26. However, it also anticipates commodity inflation of 2% to 3% and labor inflation of 4% to 5% for 2025.
In terms of operational updates, Texas Roadhouse completed over 200 digital kitchen conversions and aims for full transition by the end of 2025. Lastly, the company marked its 20-year anniversary as a public entity and celebrated a 20-year partnership with Homes For Our Troops. These are among the recent developments for the popular steakhouse chain.
InvestingPro Insights
Texas Roadhouse's recent stock performance aligns with its strong financial metrics and positive market outlook. According to InvestingPro data, the company boasts a market capitalization of $13.26 billion, reflecting its significant presence in the restaurant industry. The stock's impressive 85.28% total return over the past year corroborates the article's mention of a 92.59% 1-year change, highlighting the company's sustained growth trajectory.
InvestingPro Tips reveal that Texas Roadhouse has maintained dividend payments for 14 consecutive years, demonstrating a commitment to shareholder value. This consistency in dividend payouts, coupled with a current dividend yield of 1.29%, may contribute to the stock's attractiveness for income-focused investors.
Furthermore, the company's revenue growth of 13.91% over the last twelve months indicates strong operational performance, supporting the stock's upward momentum. With 23 analysts revising their earnings upwards for the upcoming period, investor confidence in Texas Roadhouse's future prospects appears well-founded.
For readers interested in a deeper dive into Texas Roadhouse's financial health and market position, InvestingPro offers 13 additional tips and a comprehensive set of real-time metrics, providing valuable insights for investment decision-making.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.