11 Fastest Growing Steakhouse Chains In The US

1. Texas Roadhouse

While you might think that Texas is the origin state of the Texas Roadhouse, their first restaurant opened in Clarksville, Indiana, back in 1993.

Over the past 3 decades, the steakhouse chain has become one of the largest and most recognizable places, with over 600 locations all across the US.

This year, record-breaking Texas Roadhouse plans to continue the expansion and reach a 44-unit goal in 2024.

2. Outback Steakhouse

Outback is one of the largest steakhouse chains in the US, with almost 700 company-owned and franchised restaurants.

Popular for its affordable prices, high-quality products, and unforgettable casual dining experience, Outback Steakhouse aims to bring a next-generation design in the form of smaller restaurants, with 75-100 new locations in 2024.

3. LongHorn Steakhouse

LongHorn Steakhouse is renowned for its top-quality cuts and expertly crafted steaks. From the Outlaw Ribeye and Steak Tips to the New York Strip and Baby Back Ribs, LongHorn Steakhouse offers some of the best menu items, contributing to the rapid growth of the chain.

While LongHorn Steakhouse is a fast-growing steakhouse chain, we can expect greater popularity, thanks to the company’s increased restaurant and marketing expenses in recent years.

4. Black Angus Steakhouse

Black Angus Steakhouse is a restaurant chain that was known as Stuart Anderson’s Black Angus before 2005.

Although the company managed to open over 100 Black Angus restaurants by 2001, the number fell to 32 locations after they filed for Chapter 11 bankruptcy protection.

With online orders for pickup and delivery along with regular discounts and special offers, Black Angus Steakhouse has managed to expand and achieve considerable growth during the past few years.

5. Sizzler

Since 1958, Sizzler has been a popular kid-friendly steakhouse for family dinners.

Due to the COVID-19 pandemic, Sizzler filed for Chapter 11 bankruptcy. Currently, Sizzler is still operating with the aim of rebuilding the business through major renovations, re-designed menus, and marketing efforts.

While we can’t really tell how successful Sizzler’s investment is going to be, an 11% increase in employees looks quite promising.

6. Fogo de Chão

Started in 1979, Fogo de Chao is a Brazilian steakhouse chain that expanded to the US in 1997, with a stateside debut in Dallas, Texas.

Ever since then, Fogo de Chao has featured over 60 dining locations in the US.

Fogo de Chao has announced plans to continue its strategic growth, with more place openings throughout 2024 and 2025, both in the US and globally.

7. The Capital Grille

Urban centers are often packed with various dining locations, while finding a good spot for dinner can be challenging in suburban areas. Surprisingly, this isn’t the case for The Capital Grille.

Throughout 2023 and 2024, The Capital Grille has announced a few new locations, eyeing the suburban neighborhoods and ensuring accessibility all across the US.

8. STK

STK is a modern steakhouse-lounge restaurant owned by The ONE Group, along with its sister company, Kona Grill. During the period between 2019 and 2022, STK reported a 50% increase in sales.

Boasting 18 domestic and 10 international locations, STK is among the fastest-growing and most potent steakhouse chains in America.

9. Steak 48

If you’re looking for the best steak and seafood, Steak 48 might be the right place.

Although we don’t have specific numbers for revenue and growth, the fact that Steak 48 is expanding and opening new locations indicates their success.

In the past few months, Steak 48 has opened a few new locations with over 3,000-bottle wine vaults, in-house butchers, and a large footprint.

10. Texas de Brazil

With 58 worldwide locations, Texas de Brazil became the largest Brazilian-American steakhouse in 2018.

The steakhouse chain managed to expand to 63 locations, worth over $450 million.

While 2023 was a record-setting year for Texas de Brazil, the company aims to open more locations and add VIP dining cards to promote savings and support the Children’s Cancer Fund in 2024.

11. Ruth's Chris Steakhouse

After facing some major challenges during the pandemic, Ruth’s Chris Steakhouse was forced to close several locations.

Fast forward to 2023, the company bought the struggling franchise locations back. Ruth’s Chris was acquired by Darden Restaurants for $715 million, indicating the potential for rapid expansion.