Chuy’s (NASDAQ:CHUY) Given New $32.00 Price Target at Stifel Nicolaus

Chuy’s (NASDAQ:CHUYGet Free Report) had its price target reduced by equities research analysts at Stifel Nicolaus from $36.00 to $32.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 12.48% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Stephens restated an “overweight” rating and issued a $40.00 price objective on shares of Chuy’s in a research report on Friday. StockNews.com lowered Chuy’s from a “buy” rating to a “hold” rating in a research note on Saturday. Benchmark reiterated a “buy” rating and issued a $41.00 price objective on shares of Chuy’s in a research report on Friday. Wedbush restated an “outperform” rating and set a $38.00 target price on shares of Chuy’s in a research report on Friday. Finally, Piper Sandler reduced their target price on shares of Chuy’s from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.14.

Check Out Our Latest Stock Analysis on Chuy’s

Chuy’s Price Performance

NASDAQ CHUY opened at $28.45 on Tuesday. The stock’s 50 day simple moving average is $31.87 and its 200 day simple moving average is $33.90. Chuy’s has a one year low of $27.40 and a one year high of $43.17. The firm has a market cap of $490.19 million, a PE ratio of 16.83 and a beta of 1.68.

Chuy’s (NASDAQ:CHUYGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Chuy’s had a return on equity of 13.45% and a net margin of 6.58%. The business had revenue of $110.50 million during the quarter, compared to analysts’ expectations of $111.67 million. During the same period in the previous year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities analysts expect that Chuy’s will post 1.85 earnings per share for the current year.

Hedge Funds Weigh In On Chuy’s

Institutional investors have recently modified their holdings of the stock. First Eagle Investment Management LLC boosted its stake in Chuy’s by 13.2% during the 1st quarter. First Eagle Investment Management LLC now owns 317,179 shares of the restaurant operator’s stock worth $10,698,000 after acquiring an additional 37,076 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Chuy’s during the first quarter worth $858,000. Janney Montgomery Scott LLC grew its holdings in shares of Chuy’s by 27.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,873 shares of the restaurant operator’s stock valued at $535,000 after buying an additional 3,446 shares during the period. BNP Paribas Financial Markets increased its position in shares of Chuy’s by 4.7% in the 1st quarter. BNP Paribas Financial Markets now owns 13,693 shares of the restaurant operator’s stock valued at $462,000 after buying an additional 614 shares in the last quarter. Finally, Norden Group LLC acquired a new stake in Chuy’s during the 1st quarter worth $239,000. 99.92% of the stock is currently owned by institutional investors and hedge funds.

About Chuy’s

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Chuy's (NASDAQ:CHUY)

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