Chuy’s Holdings Inc. (NASDAQ:CHUY) was downgraded by investment analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Other analysts have also recently issued research reports about the company. Stifel Nicolaus cut Chuy’s Holdings from a “buy” rating to a “hold” rating and decreased their target price for the stock from $45.00 to $32.00 in a report on Tuesday, July 26th. BMO Capital Markets restated a “hold” rating and set a $34.00 target price on shares of Chuy’s Holdings in a report on Wednesday, August 3rd. Zacks Investment Research cut Chuy’s Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Telsey Advisory Group cut Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $38.00 target price on the stock. in a report on Tuesday, July 26th. Finally, Robert W. Baird restated a “neutral” rating on shares of Chuy’s Holdings in a report on Thursday, September 8th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $34.67.
Shares of Chuy’s Holdings (NASDAQ:CHUY) traded up 0.29% during trading on Thursday, reaching $27.94. The company had a trading volume of 179,055 shares. The company has a 50 day moving average of $30.09 and a 200-day moving average of $32.21. The firm has a market capitalization of $469.22 million, a P/E ratio of 32.45 and a beta of -0.03. Chuy’s Holdings has a 52-week low of $26.92 and a 52-week high of $37.78.
Chuy’s Holdings (NASDAQ:CHUY) last announced its earnings results on Tuesday, August 2nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $87.90 million for the quarter, compared to analysts’ expectations of $87.45 million. Chuy’s Holdings had a return on equity of 12.59% and a net margin of 4.70%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. Equities analysts expect that Chuy’s Holdings will post $1.08 earnings per share for the current year.
In other Chuy’s Holdings news, Director Michael Roger Young sold 3,000 shares of the stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $34.70, for a total value of $104,100.00. Following the transaction, the director now owns 862 shares of the company’s stock, valued at $29,911.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.00% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in CHUY. BlackRock Fund Advisors raised its position in Chuy’s Holdings by 153.9% in the second quarter. BlackRock Fund Advisors now owns 1,089,554 shares of the company’s stock valued at $37,709,000 after buying an additional 660,502 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in Chuy’s Holdings during the second quarter valued at $12,538,000. Hancock Holding Co. bought a new position in Chuy’s Holdings during the first quarter valued at $7,925,000. Macquarie Group Ltd. raised its position in Chuy’s Holdings by 217.8% in the second quarter. Macquarie Group Ltd. now owns 327,729 shares of the company’s stock valued at $11,343,000 after buying an additional 224,600 shares during the last quarter. Finally, Henderson Group PLC raised its position in Chuy’s Holdings by 57.8% in the second quarter. Henderson Group PLC now owns 544,553 shares of the company’s stock valued at $18,847,000 after buying an additional 199,372 shares during the last quarter.
About Chuy’s Holdings
Chuy’s Holdings, Inc is a full-service restaurant concept company offering a menu of Mexican and Tex Mex inspired food. The Company operates through full-service, casual dining, Mexican food restaurants segment. The Company operates its restaurants under the name Chuy’s. The Company operates approximately 70 Chuy’s restaurants across 14 states.
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