Chuy's Holdings Inc (NASDAQ:CHUY) – Equities research analysts at Jefferies Group lowered their Q1 2018 earnings estimates for Chuy's in a research report issued to clients and investors on Thursday. Jefferies Group analyst A. Barish now expects that the restaurant operator will earn $0.18 per share for the quarter, down from their prior forecast of $0.26. Jefferies Group also issued estimates for Chuy's’ Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.12 EPS and FY2019 earnings at $1.18 EPS.
A number of other brokerages have also recently issued reports on CHUY. BMO Capital Markets upped their price target on shares of Chuy's to $30.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 10th. Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 price target (up previously from $23.00) on shares of Chuy's in a research note on Wednesday, February 28th. BidaskClub cut shares of Chuy's from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. ValuEngine cut shares of Chuy's from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Wedbush reiterated a “hold” rating and issued a $25.00 price target on shares of Chuy's in a research note on Friday, March 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Chuy's presently has an average rating of “Hold” and an average price target of $27.20.
Chuy's (NASDAQ:CHUY) last announced its quarterly earnings results on Thursday, March 8th. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). The firm had revenue of $96.02 million during the quarter, compared to the consensus estimate of $95.80 million. Chuy's had a return on equity of 9.86% and a net margin of 7.83%. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan lifted its stake in Chuy's by 59.7% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,340 shares of the restaurant operator’s stock valued at $133,000 after acquiring an additional 2,370 shares during the period. Louisiana State Employees Retirement System bought a new position in Chuy's during the 4th quarter valued at about $205,000. Aperio Group LLC bought a new position in Chuy's during the 4th quarter valued at about $224,000. MetLife Investment Advisors LLC bought a new position in Chuy's during the 4th quarter valued at about $232,000. Finally, BNP Paribas Arbitrage SA lifted its stake in Chuy's by 71.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,488 shares of the restaurant operator’s stock valued at $179,000 after acquiring an additional 3,547 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Chuy's Holdings Inc (CHUY) to Post Q1 2018 Earnings of $0.18 Per Share, Jefferies Group Forecasts” was published by Ticker Report and is owned by of Ticker Report. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.tickerreport.com/banking-finance/3260911/chuys-holdings-inc-chuy-to-post-q1-2018-earnings-of-0-18-per-share-jefferies-group-forecasts.html.
Chuy’s Holdings, Inc operates Chuy’s, a restaurant concept offering a distinct menu of authentic, freshly prepared Mexican and Tex-Mex inspired food. As of December 25, 2016, the Company operated 80 Chuy’s restaurants across 16 states. The Company offers the same menu during lunch and dinner, which includes enchiladas, fajitas, tacos, burritos, combination platters and daily specials, complemented by a range of appetizers, soups and salads.
Receive News & Ratings for Chuy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chuy's and related companies with MarketBeat.com's FREE daily email newsletter.