Chuy’s Holdings, Inc. (NASDAQ:CHUY) Receives Average Rating of “Hold” from Analysts

Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) have been given an average recommendation of “Hold” by the six analysts that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued a report on the stock in the last year is $33.25.

Several equities research analysts recently weighed in on CHUY shares. Stephens reissued an “equal weight” rating and set a $37.50 price objective on shares of Chuy’s in a report on Monday, August 12th. Wedbush reissued a “neutral” rating and set a $37.50 price objective (down previously from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. StockNews.com started coverage on Chuy’s in a report on Thursday. They set a “hold” rating on the stock. Jefferies Financial Group downgraded Chuy’s from a “buy” rating to a “hold” rating and cut their price objective for the company from $38.00 to $24.00 in a report on Thursday, July 11th. Finally, Benchmark downgraded Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 target price on the stock. in a report on Monday, August 19th.

Chuy’s Stock Performance

Shares of CHUY opened at $37.48 on Friday. Chuy’s has a 52-week low of $22.52 and a 52-week high of $39.40. The business’s fifty day moving average is $37.26 and its 200-day moving average is $31.98. The firm has a market cap of $645.78 million, a price-to-earnings ratio of 22.18 and a beta of 1.77.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its stake in shares of Chuy’s by 85.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 466 shares during the period. Quarry LP acquired a new position in shares of Chuy’s in the 2nd quarter valued at about $36,000. Lazard Asset Management LLC lifted its stake in shares of Chuy’s by 607.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock valued at $82,000 after purchasing an additional 2,107 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Chuy’s by 70.2% in the 1st 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. Finally, Point72 DIFC Ltd lifted its stake in shares of Chuy’s by 257.8% in the 2nd quarter. Point72 DIFC Ltd now owns 4,129 shares of the restaurant operator’s stock valued at $107,000 after purchasing an additional 2,975 shares during the period. 99.92% of the stock is owned by institutional investors and hedge funds.

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.