Thrivent Financial for Lutherans Purchases 4,391 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Thrivent Financial for Lutherans grew its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 483,045 shares of the restaurant operator’s stock after acquiring an additional 4,391 shares during the quarter. Thrivent Financial for Lutherans owned about 0.72% of Texas Roadhouse worth $85,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Texas Roadhouse by 0.8% during the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock valued at $1,000,356,000 after purchasing an additional 53,419 shares during the last quarter. Bahl & Gaynor Inc. lifted its holdings in shares of Texas Roadhouse by 3,259.4% in the 1st quarter. Bahl & Gaynor Inc. now owns 92,350 shares of the restaurant operator’s stock valued at $14,265,000 after acquiring an additional 89,601 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in Texas Roadhouse by 13.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,829 shares of the restaurant operator’s stock worth $746,000 after acquiring an additional 591 shares in the last quarter. Seven Eight Capital LP purchased a new position in Texas Roadhouse in the first quarter worth about $1,043,000. Finally, Capitolis Liquid Global Markets LLC bought a new stake in Texas Roadhouse during the first quarter worth approximately $9,732,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TXRH has been the subject of several analyst reports. UBS Group raised their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Robert W. Baird raised their price target on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Royal Bank of Canada boosted their price objective on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Evercore ISI raised their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, BTIG Research upped their price target on shares of Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, July 26th. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $189.00.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $197.99 on Monday. The firm has a market cap of $13.21 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. Texas Roadhouse, Inc. has a 1-year low of $109.13 and a 1-year high of $203.32. The firm’s fifty day moving average price is $180.28 and its 200 day moving average price is $172.72.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The company’s revenue was up 13.5% compared to the same quarter last year. As a group, analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal 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 dividend on an annualized basis and a dividend yield of 1.23%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

Insider Buying and Selling

In other news, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction 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 transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This represents a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Profile

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.