Texas Roadhouse receives buy rating as it expands casual dining concepts

Texas Roadhouse, Inc. has been given a Buy rating by UBS due to its strong position in the casual dining sector.

The company operates three different restaurant concepts: Texas Roadhouse, Bubba's 33, and Jaggers. Texas Roadhouse is known for its specially seasoned and aged steaks, which are hand-cut daily and cooked to order. Bubba's 33 offers a casual dining experience with made-from-scratch food, a lively atmosphere with rock 'n' roll music, and a selection of cold beers and signature drinks. Jaggers focuses on fast-casual dining, serving burgers and hand-breaded chicken with homemade sauces.

Texas Roadhouse currently has approximately 582 locations, Bubba's 33 has 45 restaurants, and Jaggers has 8 establishments, showcasing the company's wide presence in the restaurant industry. Bubba's 33 restaurants have seating capacities ranging from 270 to 330 guests, highlighting the company's commitment to providing quality dining experiences across its brands.

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