Shares of Chuy’s Holdings (NASDAQ:CHUY) have been given a consensus recommendation of “Hold” by the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $26.63.
Several research firms have recently weighed in on CHUY. BidaskClub upgraded shares of Chuy’s from a “hold” rating to a “buy” rating in a report on Wednesday. BMO Capital Markets increased their target price on shares of Chuy’s to $30.00 and gave the stock a “market perform” rating in a report on Wednesday, January 10th. Telsey Advisory Group restated a “market perform” rating and set a $29.00 target price (up previously from $23.00) on shares of Chuy’s in a report on Wednesday, February 28th. Wedbush restated a “hold” rating and set a $25.00 target price on shares of Chuy’s in a report on Friday, March 9th. Finally, ValuEngine cut shares of Chuy’s from a “hold” rating to a “sell” rating in a report on Saturday, March 10th.
A number of institutional investors and hedge funds have recently made changes to their positions in CHUY. Granahan Investment Management Inc. MA boosted its holdings in Chuy’s by 697.5% during the third quarter. Granahan Investment Management Inc. MA now owns 473,828 shares of the restaurant operator’s stock worth $9,974,000 after purchasing an additional 414,417 shares during the last quarter. Boston Partners bought a new stake in Chuy’s during the fourth quarter worth $6,197,000. Cortina Asset Management LLC bought a new stake in Chuy’s during the fourth quarter worth $5,401,000. Millennium Management LLC raised its position in Chuy’s by 49.2% during the fourth quarter. Millennium Management LLC now owns 554,946 shares of the restaurant operator’s stock worth $15,566,000 after acquiring an additional 182,923 shares in the last quarter. Finally, BlackRock Inc. raised its position in Chuy’s by 4.4% during the fourth quarter. BlackRock Inc. now owns 2,181,895 shares of the restaurant operator’s stock worth $61,203,000 after acquiring an additional 91,444 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.
Chuy’s (NASDAQ:CHUY) last released its quarterly earnings results on Thursday, March 8th. The restaurant operator reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). The company 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. equities research analysts forecast that Chuy’s will post 1.11 EPS for the current fiscal year.
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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