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

StockNews.com initiated coverage on shares of Chuy’s (NASDAQ:CHUY) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the restaurant operator’s stock.

Other analysts have also issued reports about the stock. Jefferies Financial Group lowered 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 report on Thursday, July 11th. Wedbush reiterated a neutral rating and issued a $37.50 target price (down previously from $38.00) on shares of Chuy’s in a research report on Monday, July 22nd. Stephens restated an equal weight rating and set a $37.50 price target on shares of Chuy’s in a report on Monday, August 12th. Finally, Benchmark cut Chuy’s from a buy rating to a hold rating and set a $37.50 price objective for the company. in a research report on Monday, August 19th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $33.25.

Chuy’s Stock Performance

Chuy’s stock opened at $37.48 on Thursday. Chuy’s has a 52 week low of $22.52 and a 52 week high of $39.40. The firm has a market capitalization of $645.78 million, a price-to-earnings ratio of 22.18 and a beta of 1.77. The company has a 50 day moving average price of $37.26 and a 200 day moving average price of $31.96.

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

Institutional Investors Weigh In On Chuy’s

Large investors have recently bought and sold shares of the business. Westwood Holdings Group Inc. boosted its holdings in Chuy’s by 27.2% during the second quarter. Westwood Holdings Group Inc. now owns 1,206,181 shares of the restaurant operator’s stock valued at $31,264,000 after acquiring an additional 258,121 shares during the period. Congress Asset Management Co. MA boosted 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 purchasing an additional 217,838 shares during the period. Millennium Management LLC grew its holdings in Chuy’s by 52.6% in the 2nd quarter. Millennium Management LLC now owns 256,375 shares of the restaurant operator’s stock valued at $6,645,000 after buying an additional 88,406 shares during the last quarter. American Century Companies Inc. increased its position in Chuy’s by 117.3% in the 2nd quarter. American Century Companies Inc. now owns 150,317 shares of the restaurant operator’s stock worth $3,896,000 after buying an additional 81,144 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Chuy’s by 20.6% during the second quarter. First Eagle Investment Management LLC now owns 382,479 shares of the restaurant operator’s stock worth $9,914,000 after buying an additional 65,300 shares during 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.