Thrivent Financial for Lutherans lifted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report) by 1,974.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 414,797 shares of the restaurant operator’s stock after acquiring an additional 394,800 shares during the period. Thrivent Financial for Lutherans’ holdings in Texas Roadhouse were worth $68,862,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Princeton Global Asset Management LLC bought a new position in shares of Texas Roadhouse in the fourth quarter worth $31,000. Measured Wealth Private Client Group LLC bought a new position in shares of Texas Roadhouse in the third quarter worth $33,000. Root Financial Partners LLC bought a new position in shares of Texas Roadhouse in the third quarter worth $36,000. LRI Investments LLC boosted its holdings in shares of Texas Roadhouse by 100.0% in the third quarter. LRI Investments LLC now owns 300 shares of the restaurant operator’s stock worth $50,000 after acquiring an additional 150 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Texas Roadhouse by 100.6% in the third quarter. Parkside Financial Bank & Trust now owns 355 shares of the restaurant operator’s stock worth $59,000 after acquiring an additional 178 shares during the period. 94.82% of the stock is owned by institutional investors.
Texas Roadhouse Price Performance
NASDAQ:TXRH opened at $177.97 on Friday. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 1.94 and a beta of 0.77. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $199.99. The stock has a fifty day moving average of $166.60 and a 200 day moving average of $172.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.45 and a current ratio of 0.46.
Texas Roadhouse Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $3.00 annualized dividend and a yield of 1.7%. Texas Roadhouse’s payout ratio is 47.92%.
Trending Headlines about Texas Roadhouse
Here are the key news stories impacting Texas Roadhouse this week:
- Positive Sentiment: RBC Capital and UBS both turned bullish on Texas Roadhouse, adding to a generally supportive analyst backdrop that can boost investor confidence in TXRH. Texas Roadhouse attracts a bull rating from RBC Capital Texas Roadhouse (TXRH) Gets a Buy from UBS
- Positive Sentiment: JPMorgan raised its price target on TXRH to $188 from $182, signaling expectations for additional upside from current levels. Texas Roadhouse had its price target raised by JPMorgan Chase & Co.
- Positive Sentiment: Texas Roadhouse’s latest earnings beat EPS estimates, and revenue grew 10.5% year over year, reinforcing the stock’s fundamental support after the company’s May 7 report. Texas Roadhouse stock and earnings details
- Neutral Sentiment: Analysts continue to view TXRH favorably overall, but the consensus rating remains “Hold,” which may limit how far the stock can run on news alone.
- Neutral Sentiment: The company also announced a quarterly dividend of $0.75 per share, which supports the investment case but is not likely the main driver of trading today.
- Negative Sentiment: Insiders sold shares this week, including director Gregory Moore and insider Lloyd Paul Marshall, which can create a slight headwind if investors read the activity as limited near-term enthusiasm. SEC filing for Lloyd Paul Marshall transaction
Insider Activity
In other Texas Roadhouse news, Director Gregory N. Moore sold 1,250 shares of Texas Roadhouse stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $178.14, for a total transaction of $222,675.00. Following the completion of the sale, the director owned 30,900 shares of the company’s stock, valued at $5,504,526. The trade was a 3.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Curtis Warfield sold 2,640 shares of Texas Roadhouse stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $183.05, for a total value of $483,252.00. Following the sale, the director directly owned 5,361 shares of the company’s stock, valued at approximately $981,331.05. This trade represents a 33.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 17,878 shares of company stock valued at $3,102,411. 0.50% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research firms have recently commented on TXRH. Truist Financial cut their price target on Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating for the company in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $200.00 price target on shares of Texas Roadhouse in a report on Friday, May 8th. Wells Fargo & Company dropped their price objective on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Morgan Stanley reissued an “overweight” rating and set a $201.00 price objective on shares of Texas Roadhouse in a research note on Friday, May 8th. Finally, TD Cowen dropped their price objective on Texas Roadhouse from $215.00 to $192.00 and set a “buy” rating for the company in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $195.09.
View Our Latest Analysis on Texas Roadhouse
Texas Roadhouse 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.
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