Chuy’s Holdings, Inc. (NASDAQ:CHUY) Given Average Rating of “Hold” by Brokerages

Chuy’s Holdings, Inc. (NASDAQ:CHUY) has been given an average rating of “Hold” by the six analysts that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $33.83.

Several equities research analysts have issued reports on the company. StockNews.com began coverage on Chuy’s in a research report on Tuesday, July 30th. They issued a “hold” rating on the stock. Stephens restated an “equal weight” rating and issued a $37.50 price objective (up from $36.00) on shares of Chuy’s in a report on Friday, July 19th. Piper Sandler lowered their target price 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. Jefferies Financial Group downgraded shares of Chuy’s from a “buy” rating to a “hold” rating and reduced their price target for the company from $38.00 to $24.00 in a research note on Thursday, July 11th. Finally, Stifel Nicolaus decreased their price objective on shares of Chuy’s from $36.00 to $32.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th.

Institutional Investors Weigh In On Chuy’s

Several large investors have recently added to or reduced their stakes in CHUY. Westwood Holdings Group Inc. increased its position in shares of Chuy’s by 10.7% during the first quarter. Westwood Holdings Group Inc. now owns 948,060 shares of the restaurant operator’s stock worth $31,978,000 after acquiring an additional 91,612 shares during the period. Congress Asset Management Co. MA grew 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 worth $31,914,000 after purchasing an additional 217,838 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Chuy’s by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 897,008 shares of the restaurant operator’s stock worth $34,293,000 after purchasing an additional 13,295 shares during the period. Bank of New York Mellon Corp raised its position in Chuy’s by 19.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 341,602 shares of the restaurant operator’s stock valued at $8,854,000 after purchasing an additional 55,465 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of Chuy’s by 13.2% in the 1st quarter. First Eagle Investment Management LLC now owns 317,179 shares of the restaurant operator’s stock valued at $10,698,000 after buying an additional 37,076 shares during the period. 99.92% of the stock is owned by hedge funds and other institutional investors.

Chuy’s Price Performance

NASDAQ CHUY opened at $37.09 on Monday. Chuy’s has a 52 week low of $22.52 and a 52 week high of $42.89. The business’s fifty day simple moving average is $28.31 and its 200-day simple moving average is $30.84. The firm has a market cap of $639.06 million, a PE ratio of 21.95 and a beta of 1.76.

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

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.