Chuy’s (NASDAQ:CHUY) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Chuy’s (NASDAQ:CHUY) from a sell rating to a hold rating in a research report report published on Wednesday, June 26th, BidAskClub reports.

CHUY has been the topic of a number of other research reports. ValuEngine cut shares of Virtu Financial from a hold rating to a sell rating in a report on Tuesday, June 18th. Wedbush restated an outperform rating on shares of Purple Innovation in a research note on Wednesday, May 8th. Finally, Zacks Investment Research downgraded Haynes International from a hold rating to a sell rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $28.33.

NASDAQ:CHUY traded up $0.68 during trading hours on Wednesday, hitting $23.14. The stock had a trading volume of 150,946 shares, compared to its average volume of 180,958. The firm has a 50 day moving average price of $21.98. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.49 and a current ratio of 0.54. Chuy’s has a one year low of $17.03 and a one year high of $34.10. The stock has a market cap of $372.90 million, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 1.38 and a beta of 0.22.

Chuy’s (NASDAQ:CHUY) last released its earnings results on Tuesday, May 7th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. The business had revenue of $102.10 million for the quarter, compared to analyst estimates of $101.84 million. Chuy’s had a return on equity of 7.89% and a net margin of 1.37%. Chuy’s’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 earnings per share. As a group, sell-side analysts expect that Chuy’s will post 0.92 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Rhumbline Advisers grew its stake in Chuy’s by 21.4% during the 4th quarter. Rhumbline Advisers now owns 46,661 shares of the restaurant operator’s stock worth $828,000 after purchasing an additional 8,216 shares in the last quarter. Citigroup Inc. grew its stake in Chuy’s by 26.8% during the 4th quarter. Citigroup Inc. now owns 10,235 shares of the restaurant operator’s stock worth $181,000 after purchasing an additional 2,166 shares in the last quarter. SG Capital Management LLC acquired a new position in shares of Chuy’s during the 1st quarter worth about $7,283,000. Wasatch Advisors Inc. boosted its position in shares of Chuy’s by 15.0% in the 1st quarter. Wasatch Advisors Inc. now owns 1,720,632 shares of the restaurant operator’s stock valued at $39,179,000 after purchasing an additional 223,870 shares during the period. Finally, Macquarie Group Ltd. boosted its position in shares of Chuy’s by 5.3% in the 4th quarter. Macquarie Group Ltd. now owns 1,048,070 shares of the restaurant operator’s stock valued at $18,593,000 after purchasing an additional 52,916 shares during the period.

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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