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What is Texas Roadhouse?
Texas Roadhouse is a casual dining type of restaurant that offers their guests, of all ages, to be able to dine at a place with great food and endless fun for great prices. Texas Roadhouse serves an American style type of food such as steak, ribs, chicken, and seafood. Another contributor to the company’s success, is their other owned restaurant Bubba’s 33, which is a family-friendly sports themed type of restaurant. Both companies are specially known for their steaks, chicken, and ribs as they are to be “fall off the bone” delicious since they handcraft practically everything they serve.
https://www.texasroadhouse.com/
A Brief History
A man named Kent Taylor wanted to own a family restaurant where families would come together in order to have a fun and delicious dining experience.
https://www.texasroadhouse.com/our-story
On February 17, 1993 in Clarksville Indiana, Texas Roadhouse was created in order to meet Kent’s goals.
The Headquarters
The headquarter of Texas Roadhouse is located in Louisville Kentucky.
Number Of Employees: 47,900
For each Texas Roadhouse restaurant, they always hire a baker and a butcher.
https://www.texasroadhouse.com/docs/default-source/fact-sheet/texas-roadhouse-fact-sheetce941895dca66fafa3d4ff0000cbac11.pdf?sfvrsn=2
https://www.texasroadhouse.com/docs/default-source/fact-sheet/texas-roadhouse-fact-sheetce941895dca66fafa3d4ff0000cbac11.pdf?sfvrsn=2
6040 Dutchmans Lane Louisville, KY 40205.
Where can I find Texas Roadhouse?
Since 1993, the company has grown to 483 locations in 49 states and four international locations in the Middle East.
We can find 14 Texas Roadhouse restaurants in Michigan!
The average Texas Roadhouse is 6,700 – 7,500 square feet and seats 291 guests!
https://www.texasroadhouse.com/locations/find-us https://www.texasroadhouse.com/docs/default-source/fact-sheet/texas-roadhouse-fact-sheetce941895dca66fafa3d4ff0000cbac11.pdf?sfvrsn=2
Who’s in charge?
Company Board Of Direct Member:
Wayne Kent Taylor
CEO, Chairman of the Company and Board
Kathleen M. Widmer
Chief Executive Officer and Chairman of the Board
James R. Ramsey
Director
James R. Zarley
Director
James F. Parker
Director
Gregory N. Moore
Director
https://www.texasroadhouse.com/press-room/2013/06/28/texas-roadhouse-inc.-appoints-kathy-widmer-to-board-of-directors
http://investor.texasroadhouse.com/directors.cfm
The Company Officers
Wayne Kent Taylor
CEO, Chairman of the Company and Board
Scott M. Colosi
President and Chief Financial Officer
Celia Catlett
General Counsel and Corporate Secretary
S. Chris Jacobsen
Chief Marketing Officer
http://investor.texasroadhouse.com/management.cfm
Financial Summary
http://files.shareholder.com/downloads/TXRH/3093383446x0x885029/E3164E27-731F-4BDF-B46E-05E9E9D0468B/16-2766-1_240870_print_2015AR2016Proxy.pdf
| 2015 | 2014 | % Change | |
| Revenue | $1,807,368 | $1,582,148 | 14.2% |
| Expenses | $1,662,803 | $1,451,699 | 14.5% |
| Profit | $1,163,367 | $1,029,004 | 13.1% |
Revenue: Total revenue increased by $225,220 million or 14.2% from 2015 to 2014 due to the opening of new restaurants combined with an increase in sales growth.
Expenses: Total expenses increased by $211,104 million or 14.5% from 2014 because of the new restaurant openings increased in labor wage rates and rent expenses.
Profit: Because of a higher increase in revenue than expenses, the profit also increased by $134,363 million or 13.1%.
Market Value
As of 10/27…
Texas Roadhouse Stock Symbol: TXRH
Stock Price: $38.95
Number of Shares Outstanding: $70.44 million
Market Value: ($38.95) x (70,440,000) = $2,743,638,000
https://finance.yahoo.com/quote/TXRH?p=TXRH
The Competitors
Outback Steakhouse is a competitor because it sells the same type of meals that Texas Roadhouse does. Outback Steakhouse believes in serving quality grilled meats and other options to their guests in order for them to keep coming back. Also, similar to Texas Roadhouse, they thrive on providing an atmosphere that allows their guests to be satisfied with their dining experience.
http://www.hoovers.com/company-information/cs/competition.texas_roadhouse_inc.a742bb2f4c1ebfdc.html
Bonefish Grill sells its customers a very classy experience. Bonefish Grill allows their customers to feel comfortable and welcome in their restaurant in order to enjoy their experience. Just like how Texas Roadhouse prides itself of their food being “fall off the bone good”, Bonefish Grill assures that its food items meet a suburb type of quality that is satisfying to the guests needs and wants.
LongHorn Steakhouse is ranked at No. 3 in the steakhouse category right behind Texas Roadhouse as No. 2. They are a strong rival because they offer a newer contemporary atmosphere and food. LongHorn is also promoting its lunchtime menu, as many competing steakhouses don’t open for weekday lunch.
In the News
Texas Roadhouse Looks to Beef Up 2016 Growth
While food cost are drastically decreasing Texas Roadhouse would like to pounce on this opportunity for growth. They are currently looking to open 30 new Texas Roadhouse restaurants and three to five Bubba’s 33 restaurants.Texas Roadhouse CEO, Kent Taylor, said “he likes the direction the company is moving and believes the new stores will contribute to sustainable growth for the company.
http://www.fool.com/investing/general/2015/11/03/texas-roadhouse-looks-to-beef-up-2016-growth.aspx
https://www.texasroadhouse.com/locations/new-store-openings
Other News…
Scamming A Texas Roadhouse?
An incident occurred in Colorado Springs on September 26, 2016 involving a scam between a customer and Texas Roadhouse. The customer, Doug Woodward claimed that the waitress added $8 dollars onto the tip from the customer’s receipt. The first time this happened the company took full responsibility and fired the employee. The company became very muddled when the same customer accused the company of this again. That is when the company found out the customer was being dishonest and falsely accusing Texas Roadhouse. So, Texas Roadhouse later rehired the waitress accused of added money onto the tip and banned Doug Woodward from every Texas Roadhouse for life.
http://seekingalpha.com/article/4014300-texas-roadhouse-get-stock-price-recovers
More News…
Texas Roadhouse fired a waitress who showed her frustration on social media.
This incident began when a customer did not leave a tip after dinner. When they left, the waitress posted a tweet that said: “If we had a real life purge I would kill as many Mexicans as I could in one night. #learnhowtotipyou#@*%” After the management found this tweet, according to the news, “our managing partner was actually mowing his lawn when he was altered”, said company spokesman Travis Doster. “He immediately rushed to the restaurant, met with the employee who posted this disgusting tweet and she was terminated”. And Doster told them that “this type of offensive, discriminatory language has absolutely no place at Texas Roadhouse.”
http://www.thedenverchannel.com/news/local-news/texas-roadhouse-fires-waitress-who-tweeted-desire-to-kill-as-many-mexicans-as-i-could-in-one-night
Fun facts about Texas Roadhouse
1. Texas Steakhouse serves about 5,000 guests per week, which is considered to be one of the highest guests rates in the food industry.
https://www.texasroadhouse.com/docs/default-source/fact-sheet/texas-roadhouse-fact-sheetce941895dca66fafa3d4ff0000cbac11.pdf?sfvrsn=2
3. Steaks account for 44% of the menu!
2. All the Texas Roadhouse restaurants serve about 300,000 meals every day.
More fun facts…
4. The paintings on the walls for every Texas Roadhouse restaurant are related to that specific community that the restaurant is located in. Each painting is approved by the CEO and founder, Kent Taylor.
https://www.texasroadhouse.com/docs/default-source/fact-sheet/texas-roadhouse-fact-sheetce941895dca66fafa3d4ff0000cbac11.pdf?sfvrsn=2
5. Butchers that work in Texas Roadhouse are responsible for all the cut meat that is served. They work in a 34 degree cooler, cutting about $1 million dollars worth of meat every year.
What’s on social media?
https://www.facebook.com/texasroadhouse/
This video is known as “Undercover Hoss” where CEO Kent Taylor goes undercover to see just how well his company’s products and employees are doing. This form of social media can help boost customer satisfaction as it shows how devoted Texas Roadhouse is to making sure that their guests are getting the best experience with the atmosphere, food and beverages, and having a great overall experience.
Click to play video!!!
Awards & Recognitions
2003: Named #1 Steakhouse in America by Consumers’ Choice in Chains survey.
2004: Voted Best Steakhouse Value by Consumers’ Choice in chains survey.
2006: Presented the Golden Chain Award by Nation’s Restaurant News
2009: Named Top Value by readers of Consumer Reports Magazine.
2011: Recognized by Forbes as one of America’s Top Chain Restaurant.
2012: Ranked Overall #1 Consumer Pick in Nation’s Restaurant News List of casual steak restaurant.
2013: Named Glassdoor Top 50 Best Places to Work based on employee surveys.
2015/2016: Voted #1 Steak by Nation’s Restaurant News Consumer Picks survey.
https://www.texasroadhouse.com/docs/default-source/fact-sheet/texas-roadhouse-fact-sheetce941895dca66fafa3d4ff0000cbac11.pdf?sfvrsn=2
What’s in the Future for the Company?
Texas Roadhouse Transforming into Quick-Service Restaurant? Recently, Texas Roadhouse has been tampering with the idea of trying out the quick- service side of the restaurant game. Known as “Jaggers”, Texas Roadhouse’s fast casual brand currently has 2 location. One in Indianapolis and the other in Noblesville Indiana. The Jaggers buildings have a drive-thru windows and its menu includes burgers, chicken sandwiches, salads, milkshakes, and many other delicious items. So, could we be seeing more Jaggers restaurants than Texas Roadhouse in the future?
https://insiderlouisville.com/business/jaggers/
Click to play video!!!
What’s our opinion?
Our opinion as a group of Texas Roadhouse is that it is a very fun and groovy place to be for a meal. It is also a very fair price for the quality of food and services that you are receiving. The atmosphere is really welcoming as you feel like you are actually in a place down in the south. We find that the menu of Texas Roadhouse has such a prime selection of items to choose from as it can be really challenging to choose something to eat (in a good way because it all looks so good!). Texas Roadhouse has become a “must go to again” type of restaurant because it has a way of knowing how to satisfy it customers.
References
http://investor.texasroadhouse.com/contactus.cfm
https://www.texasroadhouse.com/docs/default-source/fact-sheet/texas-roadhouse-fact-sheetce941895dca66fafa3d4ff0000cbac11.pdf?sfvrsn=2
https://www.texasroadhouse.com/press-room/2013/06/28/texas-roadhouse-inc.-appoints-kathy-widmer-to-board-of-directors
http://investor.texasroadhouse.com/directors.cfm
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