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

Equities research analysts at StockNews.com began coverage on shares of Chuy’s (NASDAQ:CHUY) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the restaurant operator’s stock.

CHUY has been the topic of a number of other research reports. Jefferies Financial Group downgraded Chuy’s from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $38.00 to $24.00 in a research note on Thursday, July 11th. Benchmark downgraded Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price objective on the stock. in a research note on Monday, August 19th. Stephens reissued an “equal weight” rating and issued a $37.50 price objective on shares of Chuy’s in a research note on Monday, August 12th. Finally, Wedbush reissued a “neutral” rating and issued a $37.50 price objective (down previously from $38.00) on shares of Chuy’s in a research note on Monday, July 22nd. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $33.25.

Chuy’s Stock Performance

Shares of CHUY stock opened at $37.36 on Monday. Chuy’s has a 1 year low of $22.52 and a 1 year high of $39.40. The stock has a fifty day moving average of $35.35 and a two-hundred day moving average of $31.49. The firm has a market capitalization of $643.71 million, a PE ratio of 22.11 and a beta of 1.77.

Chuy’s (NASDAQ:CHUY) last announced 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 return on equity of 13.23% and a net margin of 5.84%. The company had revenue of $119.80 million during the quarter, compared to analyst estimates of $120.46 million. Equities research analysts predict that Chuy’s will post 1.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chuy’s

Institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its position 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 worth $26,000 after purchasing an additional 466 shares during the period. Quarry LP acquired a new position in Chuy’s during the second quarter valued at $36,000. Lazard Asset Management LLC raised its position in Chuy’s by 607.2% during the first quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock valued at $82,000 after buying an additional 2,107 shares during the period. Allspring Global Investments Holdings LLC raised its position in 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 buying an additional 1,096 shares during the period. Finally, Point72 DIFC Ltd raised its position in Chuy’s by 257.8% during the second quarter. Point72 DIFC Ltd now owns 4,129 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 2,975 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.