Texas Roadhouse shares reach record $213.27

Texas Roadhouse Inc. shares surged to a record intraday high of $213.27 on Thursday, extending gains that followed the company’s latest quarterly earnings report.

The Louisville, Kentucky-based steakhouse chain reported adjusted earnings per share of $1.32 for the second quarter, beating analyst expectations of $1.25. Revenue rose 8.7% year-over-year to $1,042 million, driven by same-store sales growth of 5.9% in the U.S. and international expansion.

Same-store sales in the U.S. segment increased 6.2% at company-owned locations and 5.6% at franchise-operated sites, reflecting sustained consumer demand for the brand’s casual dining experience. International revenue grew 12.4%, with new openings in Canada and the Middle East contributing to the increase.

Management reaffirmed its full-year guidance, projecting comparable restaurant sales growth of 4% to 6% and adjusted earnings per share between $5.10 and $5.30. The company also announced a quarterly dividend of $0.45 per share, payable on September 10 to shareholders of record as of August 26.

Texas Roadhouse’s stock has gained approximately 25% year-to-date, outperforming the broader restaurant industry, which has risen about 12% over the same period. The company’s market capitalization now exceeds $11 billion, positioning it among the top performers in the casual dining segment.

Analysts at Stifel reiterated a buy rating on the stock, citing its consistent execution, strong brand loyalty, and disciplined expansion strategy. The firm raised its price target to $230 from $210, reflecting confidence in the company’s long-term growth trajectory.

Shares of Texas Roadhouse closed at $212.50 on Wednesday, up 1.2% for the session.