Chuy’s (NASDAQ:CHUY) Coverage Initiated by Analysts at StockNews.com

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

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

Chuy’s Stock Performance

Shares of CHUY stock opened at $37.48 on Friday. The stock has a market capitalization of $645.78 million, a P/E ratio of 22.18 and a beta of 1.77. Chuy’s has a fifty-two week low of $22.52 and a fifty-two week high of $39.40. The company has a 50 day moving average price of $37.39 and a 200 day moving average price of $32.62.

Chuy’s (NASDAQ:CHUY) last posted its quarterly earnings data 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 analyst estimates of $120.46 million. Chuy’s had a return on equity of 13.23% and a net margin of 5.84%. On average, research analysts forecast that Chuy’s will post 1.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Chuy’s

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in 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 purchasing an additional 1,096 shares during the period. Norden Group LLC purchased a new stake in Chuy’s during the 1st quarter valued at approximately $239,000. BNP Paribas Financial Markets lifted its position in Chuy’s by 4.7% during the 1st quarter. BNP Paribas Financial Markets now owns 13,693 shares of the restaurant operator’s stock worth $462,000 after acquiring an additional 614 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Chuy’s by 27.7% in the first quarter. Janney Montgomery Scott LLC now owns 15,873 shares of the restaurant operator’s stock valued at $535,000 after purchasing an additional 3,446 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Chuy’s during the first quarter worth approximately $858,000. Hedge funds and other institutional investors own 99.92% of the company’s stock.

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.