Joseph Carlson After Hours on $TXRH (Nov 2, 2026)

Next , we have Texas Roadhouse. I bought this particular company because I had been going to Texas Roadhouse for years. I noticed that it was always crowded. I noticed that the food was always great.

The staff were always excellent. The value proposition offered to the customer is always really good. Therefore, I used that knowledge, along with the opportunity to sell the stock during COVID, to enter into an investment position.

Now, it has become a very large center. Well, it was much bigger than that, but I cut some of it down. Therefore, it is now a position worth $54,000, with profits of $46,000. This is a bit misleading because I sold 50% of this investment.

Therefore, it has grown to become a center worth $100,000. I decided that I didn't want a restaurant to make up a large part of my investment portfolio.

However, Texas Roadhouse remains a great company. Its stock is trading at $186 today. There are concerns about beef prices and commodity inflation, but I believe Texas Roadhouse will handle that better than any of its competitors, creating very strong customer growth for the company.

We have key performance indicators that track this over time, and they show that the company’s average weekly sales continue to rise. They are now making an average of $177,000 in sales each week.

When I first bought shares in this company, the amount was less than $100,000. So, there is really impressive growth. I am very impressed with what I see in this company.

But in terms of fair value, I think it is worth about $200 per share today. Therefore, it is undervalued by about 5-6%. I don't currently see a large price gap.