Thrivent Financial for Lutherans Reduces Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Thrivent Financial for Lutherans lowered its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 432,173 shares of the restaurant operator’s stock after selling 50,872 shares during the period. Thrivent Financial for Lutherans owned about 0.65% of Texas Roadhouse worth $77,997,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $30,000. True Wealth Design LLC purchased a new stake in shares of Texas Roadhouse in the third quarter valued at about $30,000. SBI Securities Co. Ltd. purchased a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 65 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Texas Roadhouse by 158.1% in the third quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

TXRH has been the topic of several recent research reports. Royal Bank of Canada reduced their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a report on Friday, February 21st. Wedbush reduced their price target on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective on the stock. Stephens reduced their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Finally, Citigroup upped their price objective on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.73.

Insider Transactions at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Curtis Warfield sold 4,190 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $178.80, for a total transaction of $749,172.00. Following the sale, the director now directly owns 10,082 shares of the company’s stock, valued at approximately $1,802,661.60. The trade was a 29.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock valued at $3,198,367 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 2.8 %

Texas Roadhouse stock opened at $167.09 on Wednesday. Texas Roadhouse, Inc. has a 52-week low of $146.75 and a 52-week high of $206.04. The firm has a fifty day moving average of $177.42 and a 200-day moving average of $181.28. The firm has a market capitalization of $11.10 billion, a P/E ratio of 25.83, a PEG ratio of 1.23 and a beta of 1.00.

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

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.63%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio is presently 42.04%.

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.