Chuy’s (NASDAQ:CHUY) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Chuy’s (NASDAQ:CHUY) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the restaurant operator’s stock.

A number of other equities analysts also recently commented on the stock. Wedbush reissued a “neutral” rating and issued a $37.50 target price (down previously from $38.00) on shares of Chuy’s in a research note on Monday, July 22nd. Benchmark reaffirmed a “buy” rating and set a $41.00 target price on shares of Chuy’s in a research report on Thursday, July 18th. Piper Sandler decreased their price target on shares of Chuy’s from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Jefferies Financial Group downgraded shares of Chuy’s from a “buy” rating to a “hold” rating and dropped their target price for the stock from $38.00 to $24.00 in a research report on Thursday, July 11th. Finally, Stephens reiterated an “equal weight” rating and issued a $37.50 target price (up previously from $36.00) on shares of Chuy’s in a research report on Friday, July 19th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Chuy’s presently has a consensus rating of “Hold” and an average target price of $34.71.

Chuy’s Stock Down 0.0 %

CHUY opened at $37.09 on Tuesday. The firm has a market cap of $639.06 million, a P/E ratio of 21.95 and a beta of 1.76. The business’s fifty day simple moving average is $27.65 and its 200 day simple moving average is $30.75. Chuy’s has a 52 week low of $22.52 and a 52 week high of $42.89.

Chuy’s (NASDAQ:CHUY) last released its earnings results on Thursday, May 9th. The restaurant operator reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm 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%. During the same period in the prior year, the firm posted $0.47 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, equities analysts expect that Chuy’s will post 1.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CHUY. Nisa Investment Advisors LLC raised its holdings in shares of Chuy’s by 85.0% during the second quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 466 shares during the last quarter. AJOVista LLC acquired a new position in Chuy’s during the 4th quarter worth $53,000. Lazard Asset Management LLC grew its stake in shares of Chuy’s by 607.2% in the first quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock worth $82,000 after purchasing an additional 2,107 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Chuy’s by 70.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock valued at $90,000 after purchasing an additional 1,096 shares during the period. Finally, Quest Partners LLC bought a new stake in shares of Chuy’s during the fourth quarter valued at about $162,000. 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.