Chuy’s (NASDAQ:CHUY) Now Covered by StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Chuy’s (NASDAQ:CHUY) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued research reports about the company. Benchmark cut 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. Wedbush reaffirmed a “neutral” rating and set a $37.50 price objective (down previously from $38.00) on shares of Chuy’s in a research report on Monday, July 22nd. Stephens reiterated an “equal weight” rating and set a $37.50 target price on shares of Chuy’s in a research report on Monday, August 12th. Finally, Jefferies Financial Group cut shares of Chuy’s from a “buy” rating to a “hold” rating and reduced their price target for the stock 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $33.25.

Chuy’s Stock Performance

Shares of NASDAQ CHUY opened at $37.48 on Thursday. The company’s 50 day moving average price is $37.26 and its 200-day moving average price is $31.98. Chuy’s has a 52-week low of $22.52 and a 52-week high of $39.40. The company has a market capitalization of $645.78 million, a P/E ratio of 22.18 and a beta of 1.77.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Westwood Holdings Group Inc. increased its position in shares of Chuy’s by 27.2% during the second quarter. Westwood Holdings Group Inc. now owns 1,206,181 shares of the restaurant operator’s stock worth $31,264,000 after acquiring an additional 258,121 shares in the last quarter. Congress Asset Management Co. MA increased its holdings in Chuy’s by 29.9% during the 1st quarter. Congress Asset Management Co. MA now owns 946,167 shares of the restaurant operator’s stock worth $31,914,000 after purchasing an additional 217,838 shares in the last quarter. Millennium Management LLC raised its stake in shares of Chuy’s by 52.6% in the second quarter. Millennium Management LLC now owns 256,375 shares of the restaurant operator’s stock worth $6,645,000 after purchasing an additional 88,406 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Chuy’s by 117.3% in the second quarter. American Century Companies Inc. now owns 150,317 shares of the restaurant operator’s stock valued at $3,896,000 after purchasing an additional 81,144 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of Chuy’s by 20.6% during the second quarter. First Eagle Investment Management LLC now owns 382,479 shares of the restaurant operator’s stock valued at $9,914,000 after buying an additional 65,300 shares during the last quarter. Institutional investors and hedge funds 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.