Texas Roadhouse CFO Departs, Interim Named, Search Underway

Texas Roadhouse announced the unexpected resignation of CFO Chris Monroe after less than two years in the role, prompting a 2.2% to 2.43% drop in the company's stock price. Monroe's departure was a termination without cause and is unrelated to the company’s operations or financial condition. The company swiftly appointed Keith Humpich, Vice President of Finance with over 30 years of experience and prior interim CFO service, as the interim CFO, providing stability during the transition. Barclays and Stephens analysts maintain an Equal Weight rating with price targets of $175 and $170 respectively, expressing confidence in Texas Roadhouse's strong fundamentals and ability to find a quality permanent successor despite macroeconomic uncertainties. Texas Roadhouse continues to outperform its casual dining peers, with comparable sales growth and expansion efforts, supported by its diversified restaurant portfolio and strong brand recognition. The company's board has engaged an executive search firm to aid in finding a permanent replacement for the CFO position.