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March 19, 2021, 7:21 a.m. EDT

Texas Roadhouse CEO and founder Kent Taylor has died, successor named

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By Tonya Garcia

Texas Roadhouse Inc. /zigman2/quotes/207361729/composite TXRH +1.13% said Friday that the restaurant chain's founder and chief executive, Kent Taylor, died on March 18. Jerry Morgan, the company's president, has been named CEO, effective immediately, in keeping with the company's succession plan. Morgan has been with the company for 23 years and has been president since 2020. Texas Roadhouse shares are up 20.3% over the last three months, and have soared 177.2% over the last year. The benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.84% is up 62.5% for the past 12 months.

/zigman2/quotes/207361729/composite
US : U.S.: Nasdaq
$ 97.52
+1.09 +1.13%
Volume: 317,839
July 23, 2021 12:24p
P/E Ratio
86.35
Dividend Yield
0.00%
Market Cap
$6.73 billion
Rev. per Employee
$38,931
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/zigman2/quotes/210599714/realtime
US : S&P US
4,404.35
+36.87 +0.84%
Volume: 841.85M
July 23, 2021 12:24p
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