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

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

Several other equities research analysts also recently weighed in 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. Jefferies Financial Group downgraded shares of Chuy’s from a “buy” rating to a “hold” rating and reduced their price target for the stock from $38.00 to $24.00 in a research note on Thursday, July 11th. Benchmark downgraded shares of Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price target on the stock. in a research note on Monday, August 19th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $37.50 price target on shares of Chuy’s in a research note on Monday, August 12th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.25.

Chuy’s Price Performance

CHUY opened at $37.42 on Wednesday. The company has a 50 day simple moving average of $37.20 and a two-hundred day simple moving average of $31.80. Chuy’s has a 1-year low of $22.52 and a 1-year high of $39.40. The firm has a market cap of $644.75 million, a P/E ratio of 22.15 and a beta of 1.77.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings data on Friday, August 9th. The restaurant operator reported $0.59 EPS for the quarter, beating the consensus estimate of $0.58 by $0.01. Chuy’s had a net margin of 5.84% and a return on equity of 13.23%. The business had revenue of $119.80 million during the quarter, compared to analyst estimates of $120.46 million. Equities analysts anticipate that Chuy’s will post 1.83 earnings per share for the current year.

Institutional Trading of Chuy’s

Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its holdings in shares of Chuy’s by 85.0% in the 2nd 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 in the last quarter. Quarry LP bought a new stake in shares of Chuy’s in the 2nd quarter valued at about $36,000. Lazard Asset Management LLC boosted its holdings in shares of Chuy’s by 607.2% in the 1st 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Chuy’s by 70.2% in the 1st 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 in the last quarter. Finally, Point72 DIFC Ltd boosted its holdings in shares of Chuy’s by 257.8% in the 2nd 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 in the last quarter. 99.92% of the stock is currently owned by institutional investors.

About Chuy’s

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.