Thrivent Financial for Lutherans Sells 54,742 Shares of Texas Roadhouse, Inc. $TXRH

Thrivent Financial for Lutherans trimmed its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 70.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,979 shares of the restaurant operator’s stock after selling 54,742 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Texas Roadhouse were worth $4,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brooklyn Investment Group raised its holdings in shares of Texas Roadhouse by 478.6% in the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 134 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Texas Roadhouse in the second quarter worth $53,000. Bogart Wealth LLC increased its position in Texas Roadhouse by 51.5% in the second quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock worth $57,000 after buying an additional 103 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 58 shares during the period. Finally, WPG Advisers LLC purchased a new position in shares of Texas Roadhouse during the 1st quarter valued at $59,000. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Stock Up 0.9%

TXRH stock opened at $175.77 on Friday. The stock has a 50-day simple moving average of $169.95 and a two-hundred day simple moving average of $175.33. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $199.99. The firm has a market capitalization of $11.63 billion, a PE ratio of 26.88, a PEG ratio of 2.86 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. Texas Roadhouse’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 earnings per share. On average, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, December 2nd. Texas Roadhouse’s payout ratio is 41.59%.

Analyst Ratings Changes

TXRH has been the subject of several research reports. The Goldman Sachs Group cut their price target on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Wells Fargo & Company raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $170.00 to $195.00 in a report on Wednesday. Guggenheim reiterated a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a research report on Tuesday, September 16th. Morgan Stanley reduced their target price on shares of Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Finally, Evercore ISI cut shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price target on the stock. in a research note on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $194.26.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,400 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total value of $238,000.00. Following the transaction, the director owned 32,150 shares of the company’s stock, valued at approximately $5,465,500. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total value of $167,270.00. Following the sale, the director directly owned 1,854 shares of the company’s stock, valued at $310,118.58. This represents a 35.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.