10 High Growth Food Stocks to Buy

2. Texas Roadhouse, Inc. (NASDAQ:TXRH)

Number of Hedge Funds Holders: 42

5-year Revenue CAGR: 20.91%

Texas Roadhouse, Inc. (NASDAQ:TXRH) has established itself as a casual dining industry leader with a growing domestic and international presence. The company, which operates under well-known brands such as Texas Roadhouse, Bubba’s 33, and Jaggers, continues to grow and is among the ten high growth food stocks to buy.

Texas Roadhouse, Inc. (NASDAQ:TXRH) reported an 8.5% increase in same-store sales in Q3 2024 ended September 24, 2024, bringing total revenue to $1.3 billion. This expansion was driven by high customer traffic across all of its brands, demonstrating the company’s resilience in a competitive dining environment. During the quarter, Texas Roadhouse opened seven new company-owned locations and is on track to open approximately 30 new locations across all brands in 2025. Furthermore, franchise expansion contributed to growth, with the first international Jaggers location opening on a U.S. military base in South Korea.

In addition to growth, Texas Roadhouse, Inc. (NASDAQ:TXRH) has prioritized operational improvements. Over 200 digital kitchen conversions have been completed, and Texas Roadhouse anticipates transitioning nearly all locations by the end of 2025. These upgrades are intended to improve both operational efficiency and service quality.

Moreover, Texas Roadhouse continues to prioritize shareholder returns, as indicated by the Board’s approval of a $0.61 per share dividend that was payable on December 31, 2024. According to Insider Monkey’s database, 42 hedge funds have invested in the company, indicating continued investor confidence. Furthermore, TXRH has increased by 18.22% in the last year, owing to the company’s consistent growth and strategic expansion. With new store openings, operational improvements, and a strong brand presence, Texas Roadhouse, Inc. (NASDAQ:TXRH) remains a key player in the ever-changing casual dining sector.