Chuy’s (NASDAQ:CHUY) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Chuy’s (NASDAQ:CHUY) in a research report released on Tuesday. The firm issued a hold rating on the restaurant operator’s stock.

A number of other brokerages also recently weighed in on CHUY. Stephens restated an equal weight rating and set a $37.50 target price on shares of Chuy’s in a report on Monday, August 12th. Benchmark downgraded shares of Chuy’s from a buy rating to a hold rating and set a $37.50 price objective on the stock. in a report on Monday, August 19th. Wedbush reiterated a neutral rating and issued a $37.50 price objective (down from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Finally, Jefferies Financial Group downgraded shares of Chuy’s from a buy rating to a hold rating and decreased their price objective for the company from $38.00 to $24.00 in a report on Thursday, July 11th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Chuy’s presently has an average rating of Hold and a consensus target price of $33.25.

Chuy’s Trading Up 0.1 %

Shares of CHUY opened at $37.39 on Tuesday. The company has a market cap of $644.23 million, a price-to-earnings ratio of 22.12 and a beta of 1.77. Chuy’s has a 1-year low of $22.52 and a 1-year high of $39.40. The company’s fifty day simple moving average is $37.19 and its 200 day simple moving average is $31.75.

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

Institutional Investors Weigh In On Chuy’s

Institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its position in shares of Chuy’s by 85.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 466 shares during the period. Quarry LP bought a new stake in shares of Chuy’s in the second quarter valued at about $36,000. Lazard Asset Management LLC boosted its position in shares of Chuy’s by 607.2% in the first quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock valued at $82,000 after acquiring an additional 2,107 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Chuy’s by 70.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock valued at $90,000 after acquiring an additional 1,096 shares during the period. Finally, Point72 DIFC Ltd boosted its position in shares of Chuy’s by 257.8% in the second quarter. Point72 DIFC Ltd now owns 4,129 shares of the restaurant operator’s stock valued at $107,000 after acquiring an additional 2,975 shares during the period. Institutional investors own 99.92% of the company’s stock.

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.