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

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

A number of other research firms have also recently issued reports on CHUY. Stifel Nicolaus cut their price target on Chuy’s from $36.00 to $32.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. Benchmark reissued a “buy” rating and set a $41.00 target price on shares of Chuy’s in a research note 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 note on Monday, May 13th. Wedbush reissued 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, Stephens reaffirmed an “equal weight” rating and issued a $37.50 target price (up from $36.00) on shares of Chuy’s in a research report on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $33.83.

Chuy’s Stock Down 0.0 %

Shares of NASDAQ CHUY opened at $37.05 on Wednesday. The company has a market capitalization of $638.37 million, a PE ratio of 21.92 and a beta of 1.76. The firm has a fifty day simple moving average of $29.19 and a 200 day simple moving average of $30.98. Chuy’s has a twelve month low of $22.52 and a twelve month high of $39.40.

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

Hedge Funds Weigh In On Chuy’s

Large investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC raised its stake in shares of Chuy’s by 13.2% in the first quarter. First Eagle Investment Management LLC now owns 317,179 shares of the restaurant operator’s stock worth $10,698,000 after purchasing an additional 37,076 shares during the last quarter. Westwood Holdings Group Inc. raised its position in 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 buying an additional 91,612 shares during the last quarter. Wasatch Advisors LP raised its position in Chuy’s by 16.9% in the 4th quarter. Wasatch Advisors LP now owns 262,297 shares of the restaurant operator’s stock valued at $10,028,000 after buying an additional 37,920 shares during the last quarter. Congress Asset Management Co. MA lifted its stake in Chuy’s by 29.9% during the 1st 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 purchased a new position in Chuy’s during the 4th quarter worth $53,000. 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.