Texas Roadhouse, Inc. (TXRH) Shares Bought by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,100 shares of the restaurant operator’s stock after buying an additional 970 shares during the period. Thrivent Financial For Lutherans’ holdings in Texas Roadhouse were worth $667,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TXRH. BlackRock Inc. boosted its stake in shares of Texas Roadhouse by 22,841.1% in the 1st quarter. BlackRock Inc. now owns 6,542,337 shares of the restaurant operator’s stock worth $291,331,000 after buying an additional 6,513,819 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of Texas Roadhouse by 114.2% in the 1st quarter. Janus Capital Management LLC now owns 1,202,544 shares of the restaurant operator’s stock worth $53,549,000 after buying an additional 641,045 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in shares of Texas Roadhouse by 6,426.2% in the 2nd quarter. Hodges Capital Management Inc. now owns 409,586 shares of the restaurant operator’s stock worth $20,868,000 after buying an additional 403,310 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Texas Roadhouse by 290.1% in the 2nd quarter. Teachers Advisors LLC now owns 444,776 shares of the restaurant operator’s stock worth $22,661,000 after buying an additional 330,759 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Texas Roadhouse by 35.4% in the 1st quarter. AQR Capital Management LLC now owns 985,864 shares of the restaurant operator’s stock worth $43,901,000 after buying an additional 257,938 shares during the last quarter. Hedge funds and other institutional investors own 85.98% of the company’s stock.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The business had revenue of $566.30 million for the quarter, compared to analysts’ expectations of $563.23 million. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Tuesday, September 12th. Texas Roadhouse’s dividend payout ratio is presently 50.60%.

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A number of equities analysts have recently weighed in on the company. Raymond James Financial, Inc. restated a “market perform” rating on shares of Texas Roadhouse in a research note on Tuesday, July 25th. BMO Capital Markets restated a “buy” rating and issued a $58.00 target price on shares of Texas Roadhouse in a research note on Wednesday, August 2nd. Barclays PLC upped their price objective on Texas Roadhouse from $53.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Friday, July 21st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $56.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, September 19th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $50.79.

In other news, Director Kathy Widmer sold 2,000 shares of Texas Roadhouse stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $47.95, for a total transaction of $95,900.00. Following the transaction, the director now owns 11,750 shares in the company, valued at approximately $563,412.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock in a transaction on Friday, August 11th. The stock was sold at an average price of $49.25, for a total transaction of $123,125.00. Following the transaction, the insider now owns 15,184 shares in the company, valued at approximately $747,812. The disclosure for this sale can be found here. Company insiders own 7.40% of the company’s stock.

About Texas Roadhouse

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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