Chuy’s Holdings, Inc. (NASDAQ:CHUY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Chuy’s Holdings, Inc. (NASDAQ:CHUY) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $39.71.

Several equities research analysts have commented on the stock. StockNews.com downgraded shares of Chuy’s from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Piper Sandler cut their price target on Chuy’s from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Wedbush decreased their price objective on Chuy’s from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Finally, Stephens assumed coverage on Chuy’s in a research note on Friday, April 12th. They issued an “overweight” rating and a $40.00 target price for the company.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in shares of Chuy’s by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 321,878 shares of the restaurant operator’s stock valued at $11,452,000 after acquiring an additional 13,033 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Chuy’s by 57.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,347 shares of the restaurant operator’s stock valued at $155,000 after buying an additional 1,583 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Chuy’s by 11.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,957 shares of the restaurant operator’s stock worth $141,000 after acquiring an additional 413 shares during the last quarter. Congress Wealth Management LLC DE increased its position in shares of Chuy’s by 44.9% in the third quarter. Congress Wealth Management LLC DE now owns 103,768 shares of the restaurant operator’s stock valued at $3,692,000 after acquiring an additional 32,137 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in shares of Chuy’s by 14.6% during the third quarter. Teacher Retirement System of Texas now owns 33,609 shares of the restaurant operator’s stock valued at $1,196,000 after acquiring an additional 4,273 shares during the last quarter. 99.92% of the stock is currently owned by hedge funds and other institutional investors.

Chuy’s Price Performance

NASDAQ CHUY opened at $30.33 on Friday. The stock has a market capitalization of $525.62 million, a price-to-earnings ratio of 17.43 and a beta of 1.63. The business’s fifty day moving average is $33.02 and its 200-day moving average is $34.21. Chuy’s has a one year low of $29.80 and a one year high of $43.17.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. Chuy’s had a net margin of 6.83% and a return on equity of 13.96%. The business had revenue of $116.30 million for the quarter, compared to analyst estimates of $116.63 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Research analysts expect that Chuy’s will post 1.85 EPS for the current fiscal year.

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.