Chuy’s Holdings Inc (NASDAQ:CHUY) Given Consensus Rating of “Buy” by Analysts

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Shares of Chuy’s Holdings Inc (NASDAQ:CHUY) have earned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $20.31.

CHUY has been the subject of a number of research analyst reports. Wedbush reissued a “buy” rating on shares of Chuy’s in a report on Friday, August 7th. TheStreet raised Chuy’s from a “d+” rating to a “c-” rating in a report on Friday, September 4th. Zacks Investment Research raised Chuy’s from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Friday, September 11th. Telsey Advisory Group boosted their price target on Chuy’s from $17.00 to $20.00 and gave the stock a “market perform” rating in a report on Friday, August 7th. Finally, ValuEngine cut Chuy’s from a “buy” rating to a “hold” rating in a report on Friday, August 7th.

In related news, Director Ira L. Zecher sold 2,850 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $19.64, for a total transaction of $55,974.00. Following the sale, the director now owns 6,565 shares in the company, valued at approximately $128,936.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.05% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHUY. Tower Research Capital LLC TRC bought a new stake in shares of Chuy’s in the 1st quarter valued at about $33,000. First Mercantile Trust Co. grew its position in shares of Chuy’s by 19.6% in the 1st quarter. First Mercantile Trust Co. now owns 4,976 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 815 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Chuy’s by 21.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,653 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 1,157 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Chuy’s by 17.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,004 shares of the restaurant operator’s stock valued at $73,000 after buying an additional 734 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new stake in shares of Chuy’s in the 1st quarter valued at about $112,000.

Shares of NASDAQ CHUY opened at $22.34 on Wednesday. The stock has a market capitalization of $432.49 million, a PE ratio of -32.38 and a beta of 2.00. The business has a fifty day moving average price of $19.49 and a two-hundred day moving average price of $16.13. Chuy’s has a fifty-two week low of $7.28 and a fifty-two week high of $29.45.

Chuy’s (NASDAQ:CHUY) last posted its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.55. Chuy’s had a positive return on equity of 5.54% and a negative net margin of 3.00%. The company had revenue of $65.71 million during the quarter, compared to analysts’ expectations of $62.93 million. During the same quarter in the previous year, the firm earned $0.42 EPS. Chuy’s’s revenue was down 41.9% on a year-over-year basis. As a group, equities research analysts expect that Chuy’s will post 0.38 earnings per share for the current fiscal year.

Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 30, 2018, it operated 100 restaurants. The company was founded in 1982 and is headquartered in Austin, Texas.

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Analyst Recommendations for Chuy`s (NASDAQ:CHUY)

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