Chuy’s (NASDAQ:CHUY) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Chuy’s (NASDAQ:CHUY) in a research report released on Wednesday. The brokerage issued a hold rating on the restaurant operator’s stock.

Several other analysts have also issued reports on CHUY. Jefferies Financial Group lowered Chuy’s from a buy rating to a hold rating and cut their target price for the stock from $38.00 to $24.00 in a research note on Thursday, July 11th. Stephens reaffirmed an equal weight rating and issued a $37.50 target price (up previously from $36.00) on shares of Chuy’s in a research note on Friday, July 19th. Stifel Nicolaus cut their target price on Chuy’s from $36.00 to $32.00 and set a hold rating for the company in a research note on Tuesday, May 14th. Wedbush reiterated a neutral rating and issued a $37.50 price objective (down previously from $38.00) on shares of Chuy’s in a research report on Monday, July 22nd. Finally, Piper Sandler lowered their price objective on Chuy’s from $35.00 to $31.00 and set a neutral rating for the company in a research report on Monday, May 13th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Chuy’s presently has a consensus rating of Hold and an average price target of $33.83.

Chuy’s Stock Performance

Shares of NASDAQ CHUY remained flat at $37.05 during midday trading on Wednesday. The stock had a trading volume of 250,815 shares, compared to its average volume of 211,045. Chuy’s has a 52 week low of $22.52 and a 52 week high of $39.40. The stock has a market capitalization of $638.37 million, a P/E ratio of 21.92 and a beta of 1.76. The firm has a 50-day moving average price of $29.40 and a two-hundred day moving average price of $31.00.

Chuy’s (NASDAQ:CHUY) last issued its earnings results on Thursday, May 9th. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The business had revenue of $110.50 million during the quarter, compared to analyst estimates of $111.67 million. Chuy’s had a return on equity of 13.51% and a net margin of 6.58%. Chuy’s’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. On average, equities research analysts forecast that Chuy’s will post 1.84 earnings per share for the current year.

Institutional Trading of Chuy’s

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC raised its holdings in shares of Chuy’s by 13.2% during the first quarter. First Eagle Investment Management LLC now owns 317,179 shares of the restaurant operator’s stock valued at $10,698,000 after acquiring an additional 37,076 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Chuy’s by 10.7% during the first quarter. Westwood Holdings Group Inc. now owns 948,060 shares of the restaurant operator’s stock valued at $31,978,000 after acquiring an additional 91,612 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Chuy’s by 16.9% during the fourth quarter. Wasatch Advisors LP now owns 262,297 shares of the restaurant operator’s stock valued at $10,028,000 after acquiring an additional 37,920 shares in the last quarter. Congress Asset Management Co. MA raised its holdings in shares of Chuy’s by 29.9% during the first quarter. Congress Asset Management Co. MA now owns 946,167 shares of the restaurant operator’s stock valued at $31,914,000 after acquiring an additional 217,838 shares in the last quarter. Finally, AJOVista LLC bought a new position in shares of Chuy’s during the fourth quarter valued at approximately $53,000. Institutional investors own 99.92% of the company’s stock.

About Chuy’s

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in the United States. The company was founded in 1982 and is headquartered in Austin, Texas.