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

Investment analysts at StockNews.com assumed coverage on shares of Chuy’s (NASDAQ:CHUY) in a report released on Friday. The firm set a “hold” rating on the restaurant operator’s stock.

A number of other equities research analysts have also issued reports on CHUY. Wedbush reissued a “neutral” rating and set a $37.50 target price (down previously from $38.00) on shares of Chuy’s in a research note on Monday, July 22nd. Stephens reaffirmed an “equal weight” rating and issued a $37.50 price objective on shares of Chuy’s in a research note on Monday, August 12th. Benchmark lowered shares of Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price objective for the company. in a research note on Monday, August 19th. Finally, Jefferies Financial Group lowered shares of Chuy’s from a “buy” rating to a “hold” rating and reduced their price objective for the company from $38.00 to $24.00 in a research note on Thursday, July 11th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.25.

Chuy’s Stock Up 0.0 %

Shares of NASDAQ:CHUY opened at $37.48 on Friday. The firm has a fifty day moving average of $37.28 and a two-hundred day moving average of $32.06. The firm 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 12-month low of $22.52 and a 12-month high of $39.40.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its holdings in Chuy’s by 85.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 466 shares during the period. Quarry LP bought a new position in Chuy’s in the 2nd quarter worth $36,000. Lazard Asset Management LLC raised its holdings in Chuy’s by 607.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock worth $82,000 after acquiring an additional 2,107 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in 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 worth $90,000 after acquiring an additional 1,096 shares during the period. Finally, Point72 DIFC Ltd raised its holdings in Chuy’s by 257.8% in the 2nd quarter. Point72 DIFC Ltd now owns 4,129 shares of the restaurant operator’s stock worth $107,000 after acquiring an additional 2,975 shares during the period. 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.