Chuy’s (NASDAQ:CHUY) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Chuy’s (NASDAQ:CHUY) in a report released on Saturday morning. The firm issued a hold rating on the restaurant operator’s stock.

Other research analysts also recently issued research reports about the stock. Stephens reiterated an “equal weight” rating and issued a $37.50 price target on shares of Chuy’s in a research note on Monday, August 12th. Benchmark downgraded shares of Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price objective for the company. in a research report on Monday, August 19th. Wedbush restated a “neutral” rating and set a $37.50 price objective (down previously from $38.00) on shares of Chuy’s in a research report on Monday, July 22nd. Finally, Jefferies Financial Group downgraded shares of Chuy’s from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $38.00 to $24.00 in a research report on Thursday, July 11th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.25.

Chuy’s Price Performance

Shares of Chuy’s stock opened at $37.48 on Friday. Chuy’s has a 52-week low of $22.52 and a 52-week high of $39.40. The company has a 50 day moving average of $37.34 and a 200 day moving average of $32.29. The company has a market capitalization of $645.78 million, a P/E ratio of 22.18 and a beta of 1.77.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings results on Friday, August 9th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. Chuy’s had a net margin of 5.84% and a return on equity of 13.23%. The company had revenue of $119.80 million during the quarter, compared to the consensus estimate of $120.46 million. As a group, research analysts anticipate that Chuy’s will post 1.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chuy’s

Institutional investors have recently modified their holdings of the business. First Eagle Investment Management LLC increased its holdings in shares of Chuy’s by 13.2% in the 1st 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 during the period. Westwood Holdings Group Inc. increased its holdings in shares of Chuy’s by 10.7% in the 1st 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 during the period. Wasatch Advisors LP increased its holdings in shares of Chuy’s by 19.6% in the 1st quarter. Wasatch Advisors LP now owns 313,649 shares of the restaurant operator’s stock valued at $10,579,000 after acquiring an additional 51,352 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Chuy’s by 19.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 341,602 shares of the restaurant operator’s stock valued at $8,854,000 after acquiring an additional 55,465 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Chuy’s by 70.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock valued at $90,000 after buying an additional 1,096 shares during the period. 99.92% of the stock is owned by institutional investors and hedge funds.

Chuy’s Company Profile

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.