Chuy’s Holdings, Inc. (NASDAQ:CHUY) Receives $38.14 Consensus PT from Brokerages

Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) have earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $38.14.

Several brokerages have weighed in on CHUY. Benchmark reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Chuy’s in a report on Friday, May 10th. Wedbush reaffirmed an “outperform” rating and set a $38.00 price objective on shares of Chuy’s in a research report on Friday, May 10th. StockNews.com downgraded shares of Chuy’s from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. Stephens restated an “overweight” rating and issued a $40.00 target price on shares of Chuy’s in a research report on Friday, May 10th. Finally, Piper Sandler reduced their price target on shares of Chuy’s from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th.

Institutional Investors Weigh In On Chuy’s

Institutional investors have recently made changes to their positions in the stock. AJOVista LLC acquired a new stake in shares of Chuy’s during the fourth quarter worth $53,000. Lazard Asset Management LLC boosted its position in Chuy’s by 607.2% during 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 last quarter. Allspring Global Investments Holdings LLC grew its holdings in Chuy’s by 70.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock worth $90,000 after acquiring an additional 1,096 shares during the period. Quest Partners LLC bought a new position in shares of Chuy’s in the 4th quarter worth about $162,000. Finally, EntryPoint Capital LLC lifted its stake in shares of Chuy’s by 106.8% in the 1st quarter. EntryPoint Capital LLC now owns 5,193 shares of the restaurant operator’s stock valued at $175,000 after purchasing an additional 2,682 shares during the period. Institutional investors own 99.92% of the company’s stock.

Chuy’s Price Performance

Shares of CHUY opened at $26.46 on Friday. The company’s 50-day moving average is $28.84 and its 200-day moving average is $32.76. The firm has a market capitalization of $455.91 million, a PE ratio of 15.66 and a beta of 1.74. Chuy’s has a fifty-two week low of $25.43 and a fifty-two week high of $42.89.

Chuy’s (NASDAQ:CHUY) last announced its earnings results on Thursday, May 9th. The restaurant operator reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 13.51% and a net margin of 6.58%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. Analysts predict that Chuy’s will post 1.84 earnings per share for the current fiscal 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.