Who is the Owner of Texas Roadhouse?

Texas Roadhouse, Inc. is a publicly traded American restaurant chain headquartered in Louisville, Kentucky, United States. The company is famous for its hand-cut steaks, ribs, made-from-scratch sides, and country-style atmosphere. It trades on the NASDAQ Stock Exchange under the ticker symbol TXRH.

Founded in 1993 by W. Kent Taylor, Texas Roadhouse has grown into one of the most popular casual dining chains in the U.S., operating over 790 restaurants across 49 states and several international markets. As of 2025, the company is led by Jerry Morgan, who became CEO and President in March 2021 after the passing of the founder, Kent Taylor.

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Ownership Status of Texas Roadhouse

There is no single private owner of Texas Roadhouse. Since it is a publicly traded company, its ownership is distributed among institutional investors, mutual funds, and individual shareholders. These holdings may change based on market activity and regular SEC filings such as 13D, 13G, and 13F.

Major Shareholders

Shareholder / Entity	Ownership Percentage	Notes
The Vanguard Group, Inc.	~9.6%	Reported via 13F filing, a major index fund investor.
BlackRock, Inc.	~10.0%	Passive institutional investor through ETFs and funds.
AllianceBernstein L.P.	~5.2%	Active asset management firm with a long-term stake.
T. Rowe Price Associates	~4.8%	Holds shares across mutual fund portfolios.
Invesco Ltd.	~3.1%	Institutional investor across global equity funds.

Note: The remaining shares are owned by various institutional funds, insiders, and public shareholders.

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Key Shareholder Highlights

Texas Roadhouse’s investor base is dominated by passive institutional investors like BlackRock and Vanguard, who hold shares primarily through index and mutual funds. These entities typically maintain long-term holdings rather than active influence.

For example:

• BlackRock, Inc. holds around 10% through its ETF products (such as iShares Core S&P MidCap ETF), reflecting passive index-based ownership.
• The Vanguard Group, Inc. holds nearly 9.6% via its mutual funds and ETFs, making it one of the largest single shareholders.
• AllianceBernstein and T. Rowe Price are known for their active investment strategies, often maintaining stakes in stable, growth-oriented companies like Texas Roadhouse.

While these investors do not directly manage operations, their votes in shareholder meetings can influence board decisions and corporate direction.

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Recent Developments in Ownership

After the death of founder W. Kent Taylor in March 2021, Texas Roadhouse transitioned leadership to Jerry Morgan, who continues to serve as CEO and President.
Institutional ownership has remained relatively stable since then, with minor fluctuations based on portfolio rebalancing and market movement.

In 2024, both Vanguard and BlackRock slightly increased their holdings, reaffirming their confidence in the brand’s long-term growth and profitability.

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FAQs

1. Who is the current owner of Texas Roadhouse?
There is no single owner. Texas Roadhouse is publicly owned, with major shareholders including BlackRock (≈10%), Vanguard (≈9.6%), and AllianceBernstein (≈5%).

2. Is Texas Roadhouse publicly traded or privately owned?
It is publicly traded on the NASDAQ under the ticker TXRH.

3. Who founded Texas Roadhouse?
It was founded by W. Kent Taylor in 1993, who served as the company’s visionary leader until his passing in 2021.

4. Who is the current CEO of Texas Roadhouse?
The current Chief Executive Officer is Jerry Morgan, who succeeded Kent Taylor in March 2021.

5. Has the ownership changed recently?
Ownership changes gradually over time as institutional investors buy or sell shares. There has been no major shift in controlling ownership recently.

Texas Roadhouse Official Website