Chuy’s Holdings Inc (CHUY) Expected to Announce Quarterly Sales of $104.88 Million

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Analysts forecast that Chuy’s Holdings Inc (NASDAQ:CHUY) will report $104.88 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Chuy’s’ earnings. The highest sales estimate is $106.63 million and the lowest is $104.13 million. Chuy’s posted sales of $92.19 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.8%. The firm is scheduled to issue its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Chuy’s will report full-year sales of $406.36 million for the current fiscal year, with estimates ranging from $404.83 million to $409.62 million. For the next financial year, analysts expect that the company will post sales of $451.02 million, with estimates ranging from $446.02 million to $461.04 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Chuy’s.

Chuy’s (NASDAQ:CHUY) last posted its quarterly earnings results on Thursday, August 9th. The restaurant operator reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. The company had revenue of $106.30 million for the quarter, compared to the consensus estimate of $106.05 million. Chuy’s had a net margin of 7.39% and a return on equity of 8.32%. Chuy’s’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share.

CHUY has been the topic of a number of recent analyst reports. ValuEngine raised shares of Chuy’s from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Zacks Investment Research raised shares of Chuy’s from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Monday, August 6th. BidaskClub downgraded shares of Chuy’s from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 11th. Raymond James reissued a “buy” rating on shares of Chuy’s in a research note on Monday, August 13th. Finally, Stephens downgraded shares of Chuy’s from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $34.00 to $32.00 in a research note on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $28.50.

In other news, Director Ira L. Zecher sold 1,500 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $27.53, for a total value of $41,295.00. Following the transaction, the director now owns 3,774 shares of the company’s stock, valued at approximately $103,898.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Cortina Asset Management LLC raised its stake in shares of Chuy’s by 7.5% in the 2nd quarter. Cortina Asset Management LLC now owns 238,481 shares of the restaurant operator’s stock valued at $7,321,000 after acquiring an additional 16,659 shares during the period. Renaissance Technologies LLC increased its stake in Chuy’s by 6.1% during the 2nd quarter. Renaissance Technologies LLC now owns 439,700 shares of the restaurant operator’s stock worth $13,499,000 after buying an additional 25,300 shares during the period. Principal Financial Group Inc. increased its stake in Chuy’s by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 129,644 shares of the restaurant operator’s stock worth $3,397,000 after buying an additional 3,076 shares during the period. Cadence Capital Management LLC purchased a new stake in Chuy’s during the 2nd quarter worth $1,981,000. Finally, Janus Henderson Group PLC increased its stake in Chuy’s by 5.0% during the 2nd quarter. Janus Henderson Group PLC now owns 265,582 shares of the restaurant operator’s stock worth $8,153,000 after buying an additional 12,560 shares during the period.

NASDAQ:CHUY traded down $0.24 during trading hours on Friday, reaching $26.77. 144,300 shares of the company were exchanged, compared to its average volume of 139,845. The company has a market cap of $444.84 million, a P/E ratio of 28.13, a P/E/G ratio of 1.37 and a beta of -0.24. Chuy’s has a 52-week low of $19.85 and a 52-week high of $34.10.

Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 31, 2017, the company operated 91 Chuy's restaurants in 19 states. Chuy's Holdings, Inc was founded in 1982 and is headquartered in Austin, Texas.

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

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