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

StockNews.com began coverage on shares of Chuy’s (NASDAQ:CHUY) in a research report released on Saturday morning. The firm issued a hold rating on the restaurant operator’s stock.

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

Chuy’s Stock Performance

CHUY stock opened at $37.48 on Friday. The stock has a market cap of $645.78 million, a P/E ratio of 22.18 and a beta of 1.77. Chuy’s has a twelve month low of $22.52 and a twelve month high of $39.40. The company’s 50 day moving average is $37.35 and its two-hundred day moving average is $32.34.

Chuy’s (NASDAQ:CHUY) last posted its earnings results on Friday, August 9th. The restaurant operator reported $0.59 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 firm had revenue of $119.80 million for the quarter, compared to the consensus estimate of $120.46 million. On average, equities research analysts predict that Chuy’s will post 1.83 earnings per share for the current year.

Hedge Funds Weigh In On Chuy’s

A number of large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC grew its holdings in Chuy’s by 85.0% during the second 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. Quarry LP acquired a new position in shares of Chuy’s during the 2nd quarter worth $36,000. Lazard Asset Management LLC grew its stake in shares of Chuy’s by 607.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock worth $82,000 after purchasing an additional 2,107 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of 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 purchasing an additional 1,096 shares in the last quarter. Finally, Point72 DIFC Ltd lifted its stake in shares of Chuy’s by 257.8% in the second quarter. Point72 DIFC Ltd now owns 4,129 shares of the restaurant operator’s stock valued at $107,000 after purchasing an additional 2,975 shares during the period. 99.92% of the stock is owned by hedge funds and other 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.