May. 9 at 1:08 AM
Texas Roadhouse reported stronger-than-expected Q1 2026 results, with EPS of
$1.87 beating estimates of
$1.82 by 2.75%. Same-store sales at company-owned restaurants rose 7.1% for the 13 weeks ended 31.03.2026, while early Q2 2026 comps were also up 6.5% year-over-year, signaling sustained momentum in traffic and ticket growth.
Total revenue increased 12.8% YoY, and operating income rose 8.6%, supported by higher comparable sales and solid cash flow. Diluted EPS improved from
$1.70 to
$1.87. CEO Jerry Morgan highlighted strong execution and momentum to start 2026.
The company also raised its quarterly dividend to
$0.75 per share from
$0.68 a year earlier, reinforcing shareholder returns and confidence in cash generation, with payment scheduled for 30.06.2026.
On the analyst side, Morgan Stanley raised its price target to
$201 and maintained Overweight, RBC lifted its target to
$180, and TD Cowen reiterated Buy with a
$192 target.
$TXRH