Chuy’s Holdings, Inc. (NASDAQ:CHUY)‘s stock had its “hold” rating reiterated by investment analysts at BMO Capital Markets in a research note issued on Monday, November 6th.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Chuy’s Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Raymond James Financial, Inc. raised shares of Chuy’s Holdings from a “market perform” rating to an “outperform” rating and set a $29.00 target price for the company in a research note on Monday, July 17th. Robert W. Baird lowered their target price on shares of Chuy’s Holdings from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Stifel Nicolaus initiated coverage on shares of Chuy’s Holdings in a research note on Monday, October 2nd. They set a “hold” rating and a $23.00 target price for the company. Finally, BidaskClub downgraded shares of Chuy’s Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $26.00.
Shares of Chuy’s Holdings (NASDAQ CHUY) traded up $0.10 during trading hours on Monday, reaching $23.65. 69,622 shares of the company traded hands, compared to its average volume of 215,220. The company has a market cap of $400.02, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 1.50 and a beta of -0.01. Chuy’s Holdings has a fifty-two week low of $18.00 and a fifty-two week high of $35.30.
Chuy’s Holdings (NASDAQ:CHUY) last released its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). The business had revenue of $92.19 million for the quarter, compared to the consensus estimate of $92.90 million. Chuy’s Holdings had a net margin of 4.37% and a return on equity of 9.98%. Chuy’s Holdings’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS. equities research analysts anticipate that Chuy’s Holdings will post 0.97 EPS for the current year.
Chuy’s Holdings declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 2nd that allows the company to buyback $30.00 million in shares. This buyback authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
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Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its holdings in Chuy’s Holdings by 58.0% during the second quarter. BNP Paribas Arbitrage SA now owns 4,941 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 1,813 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Chuy’s Holdings by 59.7% during the third quarter. Municipal Employees Retirement System of Michigan now owns 6,340 shares of the restaurant operator’s stock worth $133,000 after purchasing an additional 2,370 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Chuy’s Holdings during the first quarter worth about $200,000. Stevens Capital Management LP purchased a new position in Chuy’s Holdings during the second quarter worth about $206,000. Finally, Aperio Group LLC purchased a new position in Chuy’s Holdings during the second quarter worth about $206,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.
About Chuy’s Holdings
Chuy’s Holdings, Inc operates Chuy’s, a restaurant concept offering a distinct menu of authentic, freshly prepared Mexican and Tex-Mex inspired food. As of December 25, 2016, the Company operated 80 Chuy’s restaurants across 16 states. The Company offers the same menu during lunch and dinner, which includes enchiladas, fajitas, tacos, burritos, combination platters and daily specials, complemented by a range of appetizers, soups and salads.
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