What the bad jobs report means for markets
Texas Roadhouse , Inc. (NASDAQ:TXRH), a restaurant chain with a market capitalization of $12.57 billion and impressive revenue growth of 15% over the last twelve months, announced the outcomes of its Annual Meeting of Shareholders held on May 15, 2025. According to InvestingPro analysis, the company maintains a GREAT financial health score, reflecting strong operational performance. The meeting addressed several key items, including the election of directors, ratification of the company’s independent auditors, an advisory vote on executive compensation, and a shareholder proposal regarding the disclosure of the company’s Consolidated EEO-1 Report.
The election of directors saw all nominees approved with a significant majority. The detailed voting results for each director are as follows: Jane Grote Abell received 53,745,348 votes for, 588,490 withheld, and 99,088 abstentions. Michael A. Crawford had 52,854,200 votes for, 1,497,372 withheld, and 81,354 abstentions. Similar support was shown for the other nominees, with broker non-votes ranging from 5,662,062 to 5,662,062 for each director, and no uncast votes.
Shareholders ratified the selection of KPMG LLP as the company’s independent auditors for the fiscal year 2025 with 57,533,244 votes for, 2,479,016 against, and 82,728 abstentions.
The advisory vote on executive compensation passed with 51,057,259 votes for, 3,270,198 against, and 104,869 abstentions, along with 5,662,062 broker non-votes and 600 uncast votes.
However, the shareholder proposal regarding the adoption of a policy for disclosing the company’s Consolidated EEO-1 Report did not receive approval. The proposal saw 15,336,162 votes for, 38,622,748 against, and 474,016 abstentions, with 5,662,062 broker non-votes and no uncast votes.
The results of the meeting reflect shareholder sentiments on the governance and accountability measures within Texas Roadhouse, Inc. The company’s strong financial position is evidenced by its consistent dividend payments for 15 consecutive years and 11.48% dividend growth in the last year. InvestingPro analysis suggests the stock is currently trading above its Fair Value, with 12 additional exclusive insights available to subscribers. For comprehensive analysis, investors can access the detailed Pro Research Report, part of InvestingPro’s coverage of 1,400+ US equities. The information is based on a press release statement and InvestingPro data.
In other recent news, Texas Roadhouse reported its first-quarter 2025 financial results, revealing a mixed performance. The company’s revenue reached $1.45 billion, slightly exceeding consensus estimates, while earnings per share (EPS) fell short at $1.70 compared to the forecasted $1.76. This discrepancy was attributed to pressures on restaurant-level operating margins. Despite these challenges, the company experienced a same-store sales growth of 3.5%, surpassing expectations, with a notable increase in customer traffic.
Analyst firms have responded with varying adjustments to their price targets for Texas Roadhouse. JPMorgan raised its target to $200, citing the company’s strong customer value proposition and robust sales growth. Evercore ISI also increased its target to $190, recognizing a solid recovery in sales and traffic, despite some cost pressures. Meanwhile, Stifel updated its price target to $180, maintaining a Hold rating, and Benchmark kept its Hold rating due to ongoing economic uncertainties and cost challenges.
Looking ahead, Texas Roadhouse has adjusted its commodity inflation forecast to 4%, reflecting anticipated increases in beef costs and tariffs. Despite these cost concerns, the company remains optimistic about continued sales growth, with strong performance expected in the second quarter. As Texas Roadhouse navigates these financial dynamics, its focus on customer value and operational efficiency continues to be a strategic advantage.
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