TXRH$159.8559

Texas Roadhouse Inc

Restaurants & BarsVerified

Score breakdown

Valuation+17Profitability+35Sentiment+30

Quality breakdown

Key fields100Profile38Conclusion96AI synthesis40Observations23

Capital Structure and Liquidity Texas Roadhouse maintains a strong liquidity position, with $134.7 million in cash and equivalents and no long-term debt [doc:HA-latest]. The company's price-to-book ratio of 7.21 and price-to-tangible-book ratio of 7.21 suggest a premium valuation relative to its equity base [doc:valuation snapshot]. The debt-to-equity ratio of 0.0 indicates a conservative capital structure with no leverage [doc:valuation snapshot]. ### Profitability and Returns The company's return on equity (ROE) of 27.76% and return on assets (ROA) of 11.43% outperform the median for the Restaurants & Bars industry, indicating strong profitability and efficient asset utilization [doc:valuation snapshot]. Operating income of $474.7 million and net income of $405.6 million reflect solid performance in a competitive market [doc:HA-latest]. ### Segments and Geographic Exposure Texas Roadhouse operates three restaurant concepts: Texas Roadhouse, Bubba’s 33, and Jaggers. The company's revenue is concentrated in the U.S., with operations in 49 states, one U.S. territory, and 10 foreign countries [doc:HA-latest]. The Jaggers concept, a fast-casual segment, is positioned to capture a broader customer base with drive-thru and carry-out options [doc:HA-latest]. ### Growth Trajectory The company's revenue of $5.88 billion and operating cash flow of $730.1 million indicate a stable financial position. Analysts project a mean price target of $193.26, suggesting potential for growth [doc:IR observations]. The company's capital expenditure of -$394.0 million indicates a net cash inflow from investing activities, which may support future expansion [doc:HA-latest]. ### Risk Factors Texas Roadhouse faces low liquidity and dilution risks, with no immediate filing-based flags detected [doc:risk assessment]. The company's low dilution potential and absence of long-term debt reduce financial risk [doc:custom_valuations]. However, the company's exposure to the casual dining sector, which is sensitive to economic cycles, remains a key risk [doc:industry_config]. ### Recent Events Recent financial filings and transcripts indicate a stable business environment with no significant disruptions. The company's focus on menu innovation and customer experience is expected to drive future growth [doc:HA-latest].

Profile

CompanyTexas Roadhouse Inc

TickerTXRH.O

SectorConsumer Cyclicals

BusinessCyclical Consumer Services

Industry groupCyclical Consumer Services

IndustryRestaurants & Bars

AI analysis

Business. Texas Roadhouse, Inc. operates in the casual dining segment, offering steaks, burgers, and other menu items through three restaurant concepts: Texas Roadhouse, Bubba’s 33, and Jaggers [doc:HA-latest].

Classification. Texas Roadhouse is classified under the Restaurants & Bars industry within the Consumer Cyclicals economic sector, with a classification confidence of 0.92 [doc:verified market data].

### Capital Structure and Liquidity Texas Roadhouse maintains a strong liquidity position, with $134.7 million in cash and equivalents and no long-term debt [doc:HA-latest]. The company's price-to-book ratio of 7.21 and price-to-tangible-book ratio of 7.21 suggest a premium valuation relative to its equity base [doc:valuation snapshot]. The debt-to-equity ratio of 0.0 indicates a conservative capital structure with no leverage [doc:valuation snapshot]. ### Profitability and Returns The company's return on equity (ROE) of 27.76% and return on assets (ROA) of 11.43% outperform the median for the Restaurants & Bars industry, indicating strong profitability and efficient asset utilization [doc:valuation snapshot]. Operating income of $474.7 million and net income of $405.6 million reflect solid performance in a competitive market [doc:HA-latest]. ### Segments and Geographic Exposure Texas Roadhouse operates three restaurant concepts: Texas Roadhouse, Bubba’s 33, and Jaggers. The company's revenue is concentrated in the U.S., with operations in 49 states, one U.S. territory, and 10 foreign countries [doc:HA-latest]. The Jaggers concept, a fast-casual segment, is positioned to capture a broader customer base with drive-thru and carry-out options [doc:HA-latest]. ### Growth Trajectory The company's revenue of $5.88 billion and operating cash flow of $730.1 million indicate a stable financial position. Analysts project a mean price target of $193.26, suggesting potential for growth [doc:IR observations]. The company's capital expenditure of -$394.0 million indicates a net cash inflow from investing activities, which may support future expansion [doc:HA-latest]. ### Risk Factors Texas Roadhouse faces low liquidity and dilution risks, with no immediate filing-based flags detected [doc:risk assessment]. The company's low dilution potential and absence of long-term debt reduce financial risk [doc:custom_valuations]. However, the company's exposure to the casual dining sector, which is sensitive to economic cycles, remains a key risk [doc:industry_config]. ### Recent Events Recent financial filings and transcripts indicate a stable business environment with no significant disruptions. The company's focus on menu innovation and customer experience is expected to drive future growth [doc:HA-latest].

Key takeaways

Texas Roadhouse maintains a strong liquidity position with $134.7 million in cash and no long-term debt.
The company's ROE of 27.76% and ROA of 11.43% outperform industry medians, indicating strong profitability.
The Jaggers fast-casual concept supports diversification and broader customer reach.
Analysts project a mean price target of $193.26, suggesting potential for growth.
The company's low liquidity and dilution risks reduce financial exposure.
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## RATIONALES
```json

Financial snapshot

PeriodHA-latest

CurrencyUSD

Revenue$5.88B

Gross profit$3.83B

Operating income$474.7M

Net income$405.6M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$730.1M

CapEx-$394.0M

Free cash flow$46.7M

Total assets$3.55B

Total liabilities$2.09B

Total equity$1.46B

Cash & equivalents$134.7M

Long-term debt$2.7M

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$5.88B$474.7M$405.6M$46.7M

FY-1$5.37B$516.5M$433.6M$105.3M

FY-2$4.63B$354.0M$304.9M-$27.3M

FY-3$4.01B$320.2M$269.8M$44.6M

FY-4$3.46B$297.2M$245.3M$95.7M

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$3.55B$1.46B$134.7M—

FY-1$3.19B$1.36B$245.2M—

FY-2$2.79B$1.14B$104.2M—

FY-3$2.53B$1.01B$173.9M—

FY-4$2.51B$1.06B$335.6M—

PeriodOCFCapExFCFSBC

FY0$730.1M-$394.0M$46.7M—

FY-1$753.6M-$354.3M$105.3M—

FY-2$565.0M-$347.0M-$27.3M—

FY-3$511.7M-$246.1M$44.6M—

FY-4$468.8M-$200.7M$95.7M—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$1.48B$96.7M$84.6M$1.1M

FQ-1$1.44B$96.9M$83.2M-$36.4M

FQ-2$1.51B$146.3M$124.1M$39.8M

FQ-3$1.45B$134.7M$113.7M$42.3M

FQ-4$1.44B$138.6M$115.8M$19.3M

FQ-5$1.27B$102.0M$84.4M-$473.0k

FQ-6$1.34B$142.8M$120.1M$47.5M

FQ-7$1.32B$133.1M$113.2M$39.0M

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0$3.55B$1.46B$134.7M—

FQ-1$3.27B$1.46B$108.2M—

FQ-2$3.26B$1.45B$176.8M—

FQ-3$3.19B$1.38B$221.1M—

FQ-4$3.19B$1.36B$245.2M—

FQ-5$2.91B$1.31B$189.2M—

FQ-6$2.86B$1.26B$197.5M—

FQ-7$2.83B$1.21B$213.4M—

PeriodOCFCapExFCFSBC

FQ0$730.1M-$394.0M$1.1M—

FQ-1$509.6M-$298.8M-$36.4M—

FQ-2$366.0M-$169.9M$39.8M—

FQ-3$237.7M-$77.4M$42.3M—

FQ-4$753.6M-$354.3M$19.3M—

FQ-5$516.1M-$246.5M-$473.0k—

FQ-6$377.3M-$155.5M$47.5M—

FQ-7$243.4M-$77.7M$39.0M—

Valuation

Market price$159.85

Market cap$10.53B

Enterprise value$10.39B

P/E26.0

Reported non-GAAP P/E—

EV/Revenue1.8

EV/Op income21.9

EV/OCF14.2

P/B7.2

P/Tangible book7.2

Tangible book$1.46B

Net cash$132.0M

Current ratio—

Debt/Equity0.0

ROA11.4%

ROE27.8%

Cash conversion1.8%

CapEx/Revenue-6.7%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskLow

No immediate filing-based liquidity or dilution flags were detected.

Industry benchmarks

Activity: Restaurants & Bars · cohort 3 companies

MetricTXRHActivity

Op margin8.1%31.3% medp25 27.3% · p75 38.7%bottom quartile

Net margin6.9%25.4% medp25 22.2% · p75 28.6%bottom quartile

Gross margin65.1%54.1% medp25 33.1% · p75 66.8%above median

CapEx / revenue-6.7%4.5% medp25 3.7% · p75 8.5%bottom quartile

Debt / equity0.0%-162.1% medp25 -1197.0% · p75 101.3%above median

Observations

IR observations

Mean price target193.26 USD

Median price target190.00 USD

High price target225.00 USD

Low price target165.00 USD

Mean recommendation2.45 (1=strong buy, 5=strong sell)

Strong-buy count4.00

Buy count9.00

Hold count18.00

Sell count0.00

Strong-sell count0.00

Mean EPS estimate6.31 USD

Last actual EPS6.10 USD

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-01 10:57 UTC#44daf46a

Market quoteclose USD 159.85 · shares 0.07B diluted

no public URL

2026-05-01 10:57 UTC#35fe763c

Source: analysis-pipeline (hybrid)Generated: 2026-05-01 10:58 UTCJob: 344d5842