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

Equities research analysts at StockNews.com began coverage on shares of Chuy’s (NASDAQ:CHUY) in a note issued to investors on Friday. The brokerage set a “hold” rating on the restaurant operator’s stock.

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

Chuy’s Trading Up 0.0 %

Shares of NASDAQ CHUY opened at $37.48 on Friday. The firm has a market capitalization of $645.78 million, a price-to-earnings ratio of 22.18 and a beta of 1.77. Chuy’s has a one year low of $22.52 and a one year high of $39.40. The business has a fifty day simple moving average of $37.30 and a 200 day simple moving average of $32.11.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings data 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. Chuy’s had a net margin of 5.84% and a return on equity of 13.23%. The company had revenue of $119.80 million during the quarter, compared to analysts’ expectations of $120.46 million. On average, research analysts anticipate that Chuy’s will post 1.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chuy’s

A number of hedge funds have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC grew its stake in shares of Chuy’s by 13.2% during 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 during the last quarter. Westwood Holdings Group Inc. raised its position in shares of Chuy’s by 10.7% during the first quarter. Westwood Holdings Group Inc. now owns 948,060 shares of the restaurant operator’s stock worth $31,978,000 after acquiring an additional 91,612 shares during the last quarter. Congress Asset Management Co. MA lifted its stake in shares of Chuy’s by 29.9% during the first quarter. Congress Asset Management Co. MA now owns 946,167 shares of the restaurant operator’s stock valued at $31,914,000 after acquiring an additional 217,838 shares during the period. Wasatch Advisors LP boosted its holdings in Chuy’s by 19.6% in the first quarter. Wasatch Advisors LP now owns 313,649 shares of the restaurant operator’s stock valued at $10,579,000 after acquiring an additional 51,352 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position 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 worth $8,854,000 after purchasing an additional 55,465 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.