Texas Roadhouse, Inc. (TXRH) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 28, 2010

Exhibit 99.1

Texas Roadhouse, Inc. Announces Fourth Quarter 2010 Results, Stock

Repurchase Authorization and Quarterly Dividend

LOUISVILLE, Ky (February 22, 2011)

Results for the quarter included:

·                  Comparable restaurant sales increased 3.1% at company restaurants and 2.9% at franchise restaurants;

·                  Seven company restaurants opened;

·                  Restaurant margins decreased 35 basis points to 17.1%;

·                  Diluted earnings per share increased 13% to $0.14 from $0.12 in the prior year period.

Results for the full year included:

·                  Comparable restaurant sales increased 2.4% at company restaurants and 2.5% at franchise restaurants;

·                  Fourteen company restaurants and one franchise restaurant opened, while one company restaurant closed;

·                  Restaurant margins increased 78 basis points to 18.5%;

·                  Diluted earnings per share increased 20% to $0.80 from $0.67 in the prior year-to-date period.

G.J. Hart, President and Chief Executive Officer of Texas Roadhouse, commented, “2010 ended on a very strong note with sales growth continuing through the fourth quarter.  And despite severe weather in early 2011, our momentum has continued and we are pleased to have seen continued traffic growth.  While we do anticipate inflation this year, we believe we are in a good position to manage through this pressure with limited pricing actions.  Consequently, we expect solid profitability in 2011.”  Hart continued, “Our balance sheet remains strong and due to a proven economic model, we are excited to be adding more restaurants this year.  We are also very pleased to announce that we will be returning excess capital to shareholders through share repurchases and dividends, thus enhancing total shareholder returns.”

Stock Repurchase Authorization

The Company announced today that on February 17, 2011 its Board of Directors approved a stock repurchase program under which it authorized the Company to repurchase up to $50 million of its common stock.  Any repurchases will be made through open market transactions.  The previous stock repurchase program, which had been extended by the Board of Directors in November 2009, expired on February 14, 2011.