Summit Investment Advisors Inc. Has $4.52 Million Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Summit Investment Advisors Inc. lowered its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,063 shares of the restaurant operator’s stock after selling 317 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Texas Roadhouse were worth $4,522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TXRH. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. bought a new stake in Texas Roadhouse during the fourth quarter worth $36,000. MassMutual Private Wealth & Trust FSB lifted its stake in 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 acquiring an additional 65 shares during the last quarter. VisionPoint Advisory Group LLC bought a new position in shares of Texas Roadhouse in the 4th quarter valued at about $64,000. Finally, Asset Planning Inc acquired a new position in shares of Texas Roadhouse during the 4th quarter worth about $74,000. Institutional investors own 94.82% of the company’s stock.

Insider Activity at Texas Roadhouse

In other news, insider Christopher C. Colson sold 580 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the transaction, the insider now owns 12,000 shares of the company’s stock, valued at approximately $2,183,280. This trade represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Curtis Warfield sold 4,190 shares of Texas Roadhouse stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $178.80, for a total transaction of $749,172.00. Following the transaction, the director now owns 10,082 shares in the company, valued at approximately $1,802,661.60. This trade represents a 29.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,535 shares of company stock valued at $2,952,507 in the last 90 days. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TXRH has been the subject of a number of recent analyst reports. Royal Bank of Canada cut their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research report on Friday, February 21st. Stephens reduced their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a research note on Wednesday, January 8th. Wedbush upped their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, March 28th. Finally, Stifel Nicolaus cut their price objective on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.23.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $160.17 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $146.79 and a fifty-two week high of $206.04. The company has a market cap of $10.64 billion, a PE ratio of 24.76, a P/E/G ratio of 1.23 and a beta of 0.88. The stock’s fifty day moving average price is $171.92 and its two-hundred day moving average price is $181.07.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.70%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio is presently 42.04%.

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.