$102.64 Million in Sales Expected for Chuy’s Holdings, Inc. (NASDAQ:CHUY) This Quarter

Brokerages forecast that Chuy’s Holdings, Inc. (NASDAQ:CHUY) will announce sales of $102.64 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Chuy’s’ earnings, with estimates ranging from $99.06 million to $104.34 million. Chuy’s reported sales of $82.03 million in the same quarter last year, which indicates a positive year-over-year growth rate of 25.1%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Chuy’s will report full year sales of $398.75 million for the current financial year, with estimates ranging from $393.29 million to $403.42 million. For the next fiscal year, analysts forecast that the company will post sales of $448.18 million, with estimates ranging from $440.71 million to $458.60 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Chuy’s.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings data on Thursday, August 5th. The restaurant operator reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.14. Chuy’s had a return on equity of 12.49% and a net margin of 6.39%.

Several equities analysts recently weighed in on CHUY shares. TheStreet lowered Chuy’s from a “b-” rating to a “c+” rating in a research note on Wednesday, July 14th. Wedbush cut their price target on Chuy’s from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, August 25th. They noted that the move was a valuation call. Zacks Investment Research lowered Chuy’s from a “buy” rating to a “hold” rating in a research note on Tuesday, August 3rd. Stephens cut their price objective on Chuy’s from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 9th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $41.00 price objective on shares of Chuy’s in a research note on Tuesday, July 13th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Chuy’s currently has an average rating of “Hold” and an average price target of $42.63.

Institutional investors have recently modified their holdings of the company. Black Swift Group LLC acquired a new position in shares of Chuy’s during the 1st quarter worth approximately $222,000. Dynamic Technology Lab Private Ltd acquired a new position in Chuy’s in the first quarter valued at approximately $233,000. Arizona State Retirement System acquired a new position in Chuy’s in the second quarter valued at approximately $200,000. Cornerstone Investment Partners LLC acquired a new position in Chuy’s in the second quarter valued at approximately $204,000. Finally, Credit Suisse AG acquired a new position in Chuy’s in the first quarter valued at approximately $255,000. Institutional investors and hedge funds own 99.26% of the company’s stock.

Shares of Chuy’s stock traded up $0.30 on Friday, hitting $30.09. The company’s stock had a trading volume of 1,265 shares, compared to its average volume of 145,779. Chuy’s has a 1 year low of $18.73 and a 1 year high of $49.99. The firm has a fifty day moving average price of $32.79 and a 200-day moving average price of $38.91. The company has a market capitalization of $601.71 million, a price-to-earnings ratio of 26.97 and a beta of 2.17.

Chuy’s Company Profile

Chuy’s Holdings, Inc engages in the ownership and operation of full-service restaurants serving a distinct menu of authentic Mexican and Tex-Mex inspired food. Its menu includes enchiladas, fajitas, rellenos, tacos, burritos, combination platters and daily specials, complemented by a variety of appetizers, soups, and salads.

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Earnings History and Estimates for Chuy`s (NASDAQ:CHUY)

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