Chuy’s (NASDAQ:CHUY) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com initiated 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.

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

Chuy’s Trading Down 0.1 %

Chuy’s stock opened at $37.32 on Monday. Chuy’s has a 1-year low of $22.52 and a 1-year high of $39.40. The firm has a market capitalization of $643.02 million, a price-to-earnings ratio of 22.08 and a beta of 1.77. The firm’s fifty day moving average price is $35.09 and its two-hundred day moving average price is $31.49.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings data 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 firm had revenue of $119.80 million for the quarter, compared to analyst estimates of $120.46 million. On average, research analysts forecast that Chuy’s will post 1.83 EPS for the current year.

Hedge Funds Weigh In On Chuy’s

Several large investors have recently modified their holdings of CHUY. Dimensional Fund Advisors LP increased its stake in shares of Chuy’s by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 897,008 shares of the restaurant operator’s stock worth $34,293,000 after purchasing an additional 13,295 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Chuy’s in the fourth quarter worth about $475,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Chuy’s in the fourth quarter worth about $252,000. Trexquant Investment LP increased its stake in shares of Chuy’s by 77.5% in the fourth quarter. Trexquant Investment LP now owns 36,595 shares of the restaurant operator’s stock worth $1,399,000 after purchasing an additional 15,981 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Chuy’s in the fourth quarter worth about $162,000. Hedge funds and other 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.