Texas Roadhouse board OKs $300 million stock buyback

Texas Roadhouse Inc.’s TXRH, +1.58% board of directors have authorized a $300 million share buyback program, effective immediately, the restaurant chain said in a filing with securities regulators late Friday. The program has no expiration date and replaces a previous stock repurchase program approved in May 2019, Texas Roadhouse said. The stock was flat in the extended session after ending the regular trading day up 1.6%.