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

Thrivent Financial for Lutherans lifted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 483,045 shares of the restaurant operator's stock after purchasing an additional 4,391 shares during the quarter. Thrivent Financial for Lutherans owned 0.72% of Texas Roadhouse worth $85,306,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake 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 worth $1,000,356,000 after acquiring an additional 53,419 shares in the last quarter. Geneva Capital Management LLC boosted its holdings in Texas Roadhouse by 0.4% in the third quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator's stock valued at $162,897,000 after acquiring an additional 3,584 shares during the last quarter. AQR Capital Management LLC lifted its stake in Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator's stock valued at $156,230,000 after buying an additional 165,738 shares during the period. Marshall Wace LLP lifted its stake in Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator's stock valued at $131,375,000 after buying an additional 430,814 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Texas Roadhouse by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator's stock valued at $127,859,000 after buying an additional 2,578 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the company's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the sale, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Donna E. Epps sold 610 shares of the company's stock in a transaction dated 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 sale, the director now owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Texas Roadhouse Price Performance

TXRH traded down $2.22 during trading on Monday, hitting $195.77. The stock had a trading volume of 566,041 shares, compared to its average volume of 771,860. The company has a 50 day moving average price of $180.28 and a 200-day moving average price of $172.83. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 33.68, a P/E/G ratio of 1.69 and a beta of 0.98. Texas Roadhouse, Inc. has a one year low of $109.13 and a one year high of $203.32.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly 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). The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. As a group, sell-side analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.25%. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.92%.

Analysts Set New Price Targets

TXRH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Texas Roadhouse from $184.00 to $180.00 and set a "neutral" rating on the stock in a research report on Monday, July 29th. Truist Financial raised their price target on Texas Roadhouse from $202.00 to $207.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price target 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. Loop Capital dropped their price target on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Finally, BTIG Research lifted their target price on Texas Roadhouse from $175.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $189.00.

Texas Roadhouse Company 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.