Thrivent Financial for Lutherans Has $78 Million Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Thrivent Financial for Lutherans lowered its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 432,173 shares of the restaurant operator's stock after selling 50,872 shares during the quarter. Thrivent Financial for Lutherans owned 0.65% of Texas Roadhouse worth $77,997,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted its position in Texas Roadhouse by 10.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,054 shares of the restaurant operator's stock worth $2,305,000 after purchasing an additional 1,221 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Texas Roadhouse by 194.9% during the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator's stock worth $11,962,000 after acquiring an additional 44,768 shares during the period. KBC Group NV lifted its holdings in shares of Texas Roadhouse by 8.9% during the 3rd quarter. KBC Group NV now owns 1,752 shares of the restaurant operator's stock worth $309,000 after acquiring an additional 143 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of Texas Roadhouse by 37.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,177 shares of the restaurant operator's stock valued at $561,000 after acquiring an additional 863 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in Texas Roadhouse by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator's stock valued at $345,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 94.82% of the company's stock.

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Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,050 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $170.66, for a total transaction of $349,853.00. Following the transaction, the chief technology officer now owns 17,162 shares in the company, valued at approximately $2,928,866.92. This trade represents a 10.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory N. Moore sold 2,700 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $168.26, for a total value of $454,302.00. The disclosure for this sale can be found here. Insiders have sold 17,905 shares of company stock worth $3,198,367 over the last ninety days. Company insiders own 0.50% of the company's stock.

Analyst Ratings Changes

TXRH has been the subject of a number of analyst reports. Gordon Haskett cut shares of Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a research note on Wednesday, January 8th. Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Stifel Nicolaus lowered their price target on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating on the stock in a research report on Friday, February 21st. Citigroup increased their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Wedbush reduced their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $192.91.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded down $0.87 during midday trading on Friday, hitting $169.88. The stock had a trading volume of 1,548,158 shares, compared to its average volume of 813,719. The firm has a market cap of $11.29 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The company's 50-day simple moving average is $176.79 and its 200 day simple moving average is $181.24.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Equities analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.60%. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse's payout ratio is 42.04%.

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.