Thrivent Financial for Lutherans Grows Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Thrivent Financial for Lutherans raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 483,045 shares of the restaurant operator’s stock after purchasing an additional 4,391 shares during the period. Thrivent Financial for Lutherans’ holdings in Texas Roadhouse were worth $85,306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXRH. Vanguard Group Inc. increased its stake in shares of Texas Roadhouse by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock valued at $1,000,356,000 after acquiring an additional 53,419 shares during the last quarter. SG Americas Securities LLC raised its stake in Texas Roadhouse by 200.6% during the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock worth $3,274,000 after purchasing an additional 12,725 shares during the period. Bessemer Group Inc. increased its holdings in Texas Roadhouse by 71.1% in the 1st quarter. Bessemer Group Inc. now owns 95,623 shares of the restaurant operator’s stock valued at $14,771,000 after purchasing an additional 39,731 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Texas Roadhouse by 320.0% in the second quarter. Harbor Capital Advisors Inc. now owns 11,940 shares of the restaurant operator’s stock valued at $2,050,000 after purchasing an additional 9,097 shares during the period. Finally, Assetmark Inc. raised its position in Texas Roadhouse by 1,042.2% in the third quarter. Assetmark Inc. now owns 9,709 shares of the restaurant operator’s stock valued at $1,715,000 after purchasing an additional 8,859 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Activity

In related news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. This represents a 14.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $197.99 on Monday. Texas Roadhouse, Inc. has a 1 year low of $109.13 and a 1 year high of $203.32. The business has a fifty day simple moving average of $180.28 and a two-hundred day simple moving average of $172.72. The company has a market capitalization of $13.21 billion, a P/E ratio of 34.02, a P/E/G ratio of 1.69 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.23%. Texas Roadhouse’s payout ratio is 41.92%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TXRH shares. BTIG Research boosted their price target on Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. UBS Group upped their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wedbush lifted their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Truist Financial upped their price objective on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company lifted their target price on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $189.00.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.