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

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

Other equities research analysts have also recently issued reports about the stock. Wedbush restated a “neutral” rating and set a $37.50 price target (down from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Benchmark downgraded 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. Finally, Stephens reaffirmed an “equal weight” rating and issued a $37.50 target price on shares of Chuy’s in a report on Monday, August 12th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.25.

Chuy’s Stock Up 0.0 %

Shares of Chuy’s stock opened at $37.48 on Monday. Chuy’s has a 12-month low of $22.52 and a 12-month high of $39.40. The stock has a 50 day moving average price of $37.41 and a two-hundred day moving average price of $32.77. The stock 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 posted its quarterly earnings data on Friday, August 9th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $120.46 million. Sell-side analysts anticipate that Chuy’s will post 1.83 earnings per share for the current year.

Hedge Funds Weigh In On Chuy’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHUY. Nisa Investment Advisors LLC lifted its position 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 worth $26,000 after acquiring an additional 466 shares during the period. Wolverine Asset Management LLC bought a new position in Chuy’s in the third quarter worth $30,000. Quarry LP bought a new position in Chuy’s in the second quarter worth $36,000. Lazard Asset Management LLC boosted its stake in Chuy’s by 607.2% during the first quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock worth $82,000 after buying an additional 2,107 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased 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 valued at $90,000 after buying an additional 1,096 shares during the period. 99.92% of the stock is currently owned by institutional investors.

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.