Chuy’s Holdings, Inc. (NASDAQ:CHUY) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) have earned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $38.14.

A number of research analysts recently issued reports on CHUY shares. Piper Sandler dropped their price objective on shares of Chuy’s from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Monday, May 13th. StockNews.com downgraded Chuy’s from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. Stifel Nicolaus reduced their price target on Chuy’s from $36.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. Benchmark restated a “buy” rating and set a $41.00 price objective on shares of Chuy’s in a research report on Friday, May 10th. Finally, Wedbush reiterated an “outperform” rating and issued a $38.00 target price on shares of Chuy’s in a report on Friday, May 10th.

Hedge Funds Weigh In On Chuy’s

Several institutional investors have recently added to or reduced their stakes in the business. AJOVista LLC acquired a new stake in shares of Chuy’s in the 4th quarter valued at about $53,000. Lazard Asset Management LLC boosted its holdings in Chuy’s by 607.2% in the first 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 in the last quarter. Allspring Global Investments Holdings LLC grew its stake in 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 valued at $90,000 after acquiring an additional 1,096 shares during the period. Quest Partners LLC bought a new stake in shares of Chuy’s during the fourth quarter valued at approximately $162,000. Finally, EntryPoint Capital LLC raised its position in shares of Chuy’s by 106.8% during the first quarter. EntryPoint Capital LLC now owns 5,193 shares of the restaurant operator’s stock worth $175,000 after purchasing an additional 2,682 shares during the period. 99.92% of the stock is owned by institutional investors and hedge funds.

Chuy’s Stock Down 2.1 %

Chuy’s stock opened at $24.43 on Thursday. The business’s 50-day moving average price is $27.05 and its two-hundred day moving average price is $31.63. Chuy’s has a 12-month low of $24.38 and a 12-month high of $42.89. The stock has a market cap of $420.93 million, a PE ratio of 14.46 and a beta of 1.76.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings data on Thursday, May 9th. The restaurant operator reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $110.50 million during the quarter, compared to the consensus estimate of $111.67 million. Chuy’s had a net margin of 6.58% and a return on equity of 13.51%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. As a group, analysts expect that Chuy’s will post 1.84 earnings per share for the current year.

Chuy’s Company Profile

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.