Analysts Anticipate Chuy’s Holdings (CHUY) Will Post Quarterly Sales of $95.16 Million

Wall Street analysts expect that Chuy’s Holdings (NASDAQ:CHUY) will post $95.16 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Chuy’s’ earnings. The highest sales estimate is $98.22 million and the lowest is $94.19 million. Chuy’s reported sales of $86.90 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.5%. The company is expected to issue its next earnings results on Thursday, May 3rd.

On average, analysts expect that Chuy’s will report full year sales of $95.16 million for the current financial year, with estimates ranging from $404.89 million to $409.85 million. For the next year, analysts anticipate that the business will report sales of $448.90 million per share, with estimates ranging from $443.43 million to $453.05 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Chuy’s.

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Chuy’s (NASDAQ:CHUY) last released its earnings results on Thursday, March 8th. The restaurant operator reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). The firm had revenue of $96.02 million during the quarter, compared to analyst estimates of $95.80 million. Chuy’s had a net margin of 7.83% and a return on equity of 9.40%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period last year, the business posted $0.18 earnings per share.

Several equities research analysts have recently commented on CHUY shares. BidaskClub cut Chuy’s from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. TheStreet raised Chuy’s from a “c+” rating to a “b-” rating in a research note on Friday, December 15th. Zacks Investment Research raised Chuy’s from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. BMO Capital Markets lifted their price objective on Chuy’s to $30.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 10th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $29.00 price objective (up from $23.00) on shares of Chuy’s in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Chuy’s currently has an average rating of “Hold” and a consensus price target of $27.20.

Shares of NASDAQ CHUY traded down $0.30 during midday trading on Friday, hitting $26.60. The stock had a trading volume of 68,609 shares, compared to its average volume of 150,847. The stock has a market capitalization of $451.29, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 1.47 and a beta of -0.33. Chuy’s has a fifty-two week low of $18.00 and a fifty-two week high of $32.10.

Institutional investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan grew its stake in shares of Chuy’s by 59.7% during the third quarter. Municipal Employees Retirement System of Michigan now owns 6,340 shares of the restaurant operator’s stock worth $133,000 after purchasing an additional 2,370 shares during the period. Louisiana State Employees Retirement System bought a new position in Chuy’s during the fourth quarter worth about $205,000. Aperio Group LLC bought a new position in Chuy’s during the fourth quarter worth about $224,000. MetLife Investment Advisors LLC bought a new position in Chuy’s during the fourth quarter worth about $232,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in Chuy’s by 71.8% during the third quarter. BNP Paribas Arbitrage SA now owns 8,488 shares of the restaurant operator’s stock worth $179,000 after acquiring an additional 3,547 shares in the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.

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Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 31, 2017, the company operated 91 Chuy's restaurants in 19 states. Chuy's Holdings, Inc was founded in 1982 and is headquartered in Austin, Texas.

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Earnings History and Estimates for Chuy`s (NASDAQ:CHUY)

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