Thrivent Financial for Lutherans Has $82.19 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Thrivent Financial for Lutherans lowered its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 478,654 shares of the restaurant operator’s stock after selling 3,042 shares during the period. Thrivent Financial for Lutherans owned 0.72% of Texas Roadhouse worth $82,189,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. LRI Investments LLC bought a new position in Texas Roadhouse during the first quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Texas Roadhouse during the 2nd quarter worth about $25,000. Hollencrest Capital Management bought a new position in shares of Texas Roadhouse in the 2nd quarter worth about $25,000. McClarren Financial Advisors Inc. lifted its stake in shares of Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 167 shares during the period. Finally, Rise Advisors LLC bought a new stake in shares of Texas Roadhouse during the 1st quarter valued at about $32,000. 94.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TXRH shares. Truist Financial lifted their target price on Texas Roadhouse from $185.00 to $196.00 and gave the stock a “buy” rating in a report on Friday, July 26th. BTIG Research lifted their price objective on shares of Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company increased their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. decreased their price target on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Finally, BMO Capital Markets upped their price objective on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Thirteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $171.85.

Texas Roadhouse Trading Down 1.6 %

Shares of Texas Roadhouse stock opened at $169.71 on Friday. The company has a market capitalization of $11.34 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The stock has a fifty day simple moving average of $167.84 and a 200 day simple moving average of $163.83. Texas Roadhouse, Inc. has a 12-month low of $91.06 and a 12-month high of $177.72.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.15. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business posted $1.22 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. On average, analysts predict that Texas Roadhouse, Inc. will post 6.32 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th will be paid a $0.61 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.44%. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

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.