Exhibit 99.1

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

Repurchase Authorization and Quarterly Dividend

LOUISVILLE, Ky (February 22, 2011) — Texas Roadhouse, Inc. (NasdaqGS: TXRH), today announced financial results for the 13 and 52 week periods ended December 28, 2010.

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.

The timing and the amount of any repurchases will be determined by the Company’s management under parameters established by its Board of Directors, based on its evaluation of the Company’s stock price, market conditions and other corporate considerations.

Cash Dividend Payment

Also on February 17, 2011, the Company’s Board of Directors authorized the payment of a cash dividend of $0.08 per share of common stock.  This payment will be distributed on April 1, 2011, to shareholders of record at the close of business on March 16, 2011.  While no assurance can be made regarding the declaration of and/or payment of future cash dividends, the Company is optimistic that similar payments will be authorized in subsequent quarters and that the dividend amount might increase annually as cash flow increases.

Outlook for 2011

The Company reported that comparable restaurant sales for the first seven weeks of fiscal 2011 increased approximately 3.8% compared to the prior year period.  Additionally, the Company announced that it is implementing a menu price increase averaging approximately 1.0% across its restaurants.

The Company’s goal for 2011 diluted earnings per share growth is approximately 10% compared to 2010.  This estimate is based, in part, on the following assumptions:

·                  Comparable restaurant sales growth of approximately 3.5%;

·                  Approximately 20 company restaurant openings;

·                  Food cost inflation of approximately 3.0%; and

·                  Total capital expenditures of $65 to $70 million.

Conference Call and Investor Day

The Company is hosting a conference call today, February 22, 2011, at 5:00 p.m. Eastern Time to discuss these results.  The dial-in number is (877) 795-3647 or (719) 325-4817 for international calls. A replay of the call will be available for one week following the conference call.  To access the replay, please dial (877) 870-5176 or (858) 384-5517 for international calls, and use 9475733 as the pass code.  There will be a simultaneous Web cast conducted at www.texasroadhouse.com.

The Company will host an investor day on Wednesday, February 23, 2011 in New York, New York.  The Company will discuss its business strategy and future expectations.  Interested parties can access a live Web cast of this event from the investor relations section of the Company’s website at www.texasroadhouse.com.  The presentation will begin at 8:00 am Eastern Time.

About the Company

Texas Roadhouse is a casual dining concept that first opened in 1993 and today operates over 345 restaurants system-wide in 46 states.  For more information, please visit the Company’s Web site at www.texasroadhouse.com.

Forward-looking Statements

Certain statements in this release that are not historical facts, including, without limitation, those relating to our anticipated financial performance, are forward-looking statements that involve risks and uncertainties.  Such statements are based upon the current beliefs and expectations of the management of the Company.  Actual results may vary materially from those contained in forward-looking

statements based on a number of factors including, without limitation, the actual number of restaurants opening, the sales at these and our other company and franchise restaurants, changes in restaurant development or operating costs, our ability to acquire franchise restaurants, our ability to integrate the franchise restaurants we acquire or other concepts we develop, strength of consumer spending, conditions beyond the Company’s control such as weather, natural disasters, disease outbreaks, epidemics or pandemics impacting the Company’s customers or food supplies, acts of war or terrorism and other factors disclosed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission.  Investors should take such risks into account when making investment decisions.  Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.  The Company undertakes no obligation to update any forward-looking statements.

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Contacts:

Investor Relations

Price Cooper

502-515-7300

Media

Travis Doster

502-638-5457

Texas Roadhouse, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

(in thousands, except per share data)

Texas Roadhouse, Inc. and Subsidiaries

Condensed Consolidated Balance Sheet

(in thousands)

Texas Roadhouse, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(in thousands, except per share data)

(unaudited)

Texas Roadhouse, Inc. and Subsidiaries

Supplemental Financial and Operating Information

($ amounts in thousands)

(unaudited)

(1)  Comparable restaurant sales growth includes sales from restaurants open 18 months as of the beginning of the measurement period.

(2)  Average unit volume includes sales from restaurants open six months as of the beginning of the measurement period.  For comparative purposes, average unit volumes for Q4 2009 and 2009 YTD were adjusted to reflect restaurant sales of any acquired franchise restaurants as part of Company-owned restaurants average unit volume and were excluded from franchise-owned restaurants average unit volume.

(3)  Restaurant margins represent restaurant sales less restaurant operating costs (as a percentage of restaurant sales).

NM - Not meaningful

Amounts may not foot due to rounding.