Texas Roadhouse Surges to 492nd in Daily Rankings with $198 Million Turnover

Generated by AI AgentAinvest Market Brief
Wednesday, May 7, 2025 7:53 pm ET1min read

On May 7, 2025,

(TXRH) saw a significant increase in trading volume, with a turnover of $198 million, marking a 34.66% rise from the previous day. This surge placed at the 492nd position in the daily stock market rankings. The stock price of TXRH rose by 0.01%, marking the second consecutive day of gains, with a total increase of 0.06% over the past two days.

Analysts anticipate that Texas Roadhouse will report revenue of $1.44 billion for the first quarter of 2025, reflecting an 8.9% year-over-year growth. This projection is slightly lower than the 12.5% increase recorded in the previous quarter. The company is expected to announce its earnings on May 8, 2025, with analysts forecasting earnings per share of $1.79.

In the first quarter of 2025, BlackRock, Inc. reduced its holdings in Texas Roadhouse by 673,623 shares, or 8.7% of its portfolio, valued at approximately $112.25 million. This move indicates a shift in investment strategy for the hedge fund, which could impact the stock's performance in the coming weeks.

Texas Roadhouse recently reported earnings of $1.73 per share for the quarter, surpassing analysts' consensus estimates of $1.66 by $0.07. This positive earnings report suggests that the company is performing well despite the recent reduction in BlackRock's holdings.

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