Chuy’s (NASDAQ:CHUY) Upgraded at StockNews.com

StockNews.com upgraded shares of Chuy’s (NASDAQ:CHUY) from a hold rating to a buy rating in a research note published on Friday morning.

Other equities research analysts also recently issued research reports about the company. Piper Sandler dropped their target price on Chuy’s from $39.00 to $35.00 and set a neutral rating for the company in a report on Friday, February 23rd. Stephens started coverage on shares of Chuy’s in a research report on Friday, April 12th. They set an overweight rating and a $40.00 price target on the stock. Finally, Wedbush cut their price objective on shares of Chuy’s from $41.00 to $38.00 and set an outperform rating for the company in a report on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chuy’s presently has a consensus rating of Moderate Buy and an average price target of $39.71.

Chuy’s Stock Performance

Shares of CHUY opened at $29.13 on Friday. The firm has a market cap of $501.91 million, a P/E ratio of 16.74 and a beta of 1.68. Chuy’s has a 52 week low of $28.73 and a 52 week high of $43.17. The firm’s 50-day simple moving average is $32.43 and its 200 day simple moving average is $34.06.

Chuy’s (NASDAQ:CHUY) last posted its earnings results on Thursday, February 22nd. The restaurant operator reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. The company had revenue of $116.30 million for the quarter, compared to the consensus estimate of $116.63 million. Chuy’s had a return on equity of 13.96% and a net margin of 6.83%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. As a group, equities analysts forecast that Chuy’s will post 1.85 earnings per share for the current year.

Institutional Investors Weigh In On Chuy’s

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wakefield Asset Management LLLP bought a new position in Chuy’s in the 4th quarter valued at about $872,000. WINTON GROUP Ltd boosted its position in shares of Chuy’s by 115.3% during the 3rd quarter. WINTON GROUP Ltd now owns 12,071 shares of the restaurant operator’s stock worth $429,000 after acquiring an additional 6,465 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Chuy’s by 20.1% in the third quarter. First Eagle Investment Management LLC now owns 251,134 shares of the restaurant operator’s stock valued at $8,935,000 after acquiring an additional 42,063 shares during the last quarter. Teacher Retirement System of Texas raised its position in Chuy’s by 14.6% during the third quarter. Teacher Retirement System of Texas now owns 33,609 shares of the restaurant operator’s stock valued at $1,196,000 after purchasing an additional 4,273 shares in the last quarter. Finally, Congress Asset Management Co. MA lifted its stake in Chuy’s by 69.7% during the third quarter. Congress Asset Management Co. MA now owns 657,436 shares of the restaurant operator’s stock worth $23,392,000 after purchasing an additional 269,979 shares during the last quarter. Institutional investors own 99.92% of the company’s stock.

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.