StockNews.com Initiates Coverage on Chuy’s (NASDAQ:CHUY)

StockNews.com initiated coverage on shares of Chuy’s (NASDAQ:CHUY) in a report issued on Saturday. The brokerage set a “hold” rating on the restaurant operator’s stock.

A number of other equities research analysts also recently weighed in on the company. Jefferies Financial Group downgraded Chuy’s from a “buy” rating to a “hold” rating and dropped their target price for the stock from $38.00 to $24.00 in a research report on Thursday, July 11th. Wedbush restated a “neutral” rating and set a $37.50 target price (down 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 price target on shares of Chuy’s in a research report on Monday, August 12th. Finally, Benchmark downgraded shares of Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price target for the company. in a research note on Monday, August 19th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $33.25.

Chuy’s Trading Up 0.0 %

CHUY opened at $37.48 on Friday. Chuy’s has a 1-year low of $22.52 and a 1-year high of $39.40. The stock has a market capitalization of $645.78 million, a PE ratio of 22.18 and a beta of 1.77. The firm has a 50-day moving average price of $37.34 and a two-hundred day moving average price of $32.30.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings results on Friday, August 9th. The restaurant operator reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $120.46 million. On average, research analysts predict that Chuy’s will post 1.83 EPS for the current year.

Institutional Trading of Chuy’s

A number of hedge funds have recently modified their holdings of the company. First Eagle Investment Management LLC increased its stake in Chuy’s by 13.2% in the first quarter. First Eagle Investment Management LLC now owns 317,179 shares of the restaurant operator’s stock valued at $10,698,000 after purchasing an additional 37,076 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in Chuy’s by 10.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 948,060 shares of the restaurant operator’s stock worth $31,978,000 after buying an additional 91,612 shares during the period. Wasatch Advisors LP lifted its holdings in Chuy’s by 19.6% during the first quarter. Wasatch Advisors LP now owns 313,649 shares of the restaurant operator’s stock worth $10,579,000 after acquiring an additional 51,352 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Chuy’s by 19.4% in the second quarter. Bank of New York Mellon Corp now owns 341,602 shares of the restaurant operator’s stock valued at $8,854,000 after acquiring an additional 55,465 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of 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 worth $90,000 after acquiring an additional 1,096 shares in the last quarter. 99.92% of the stock is currently 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.