Chuy’s (NASDAQ:CHUY) Given “Hold” Rating at Wedbush

Wedbush reiterated their hold rating on shares of Chuy’s (NASDAQ:CHUY) in a research note issued to investors on Friday, August 9th, AnalystRatings.com reports. Wedbush currently has a $24.00 price target on the restaurant operator’s stock.

A number of other equities analysts also recently weighed in on the company. ValuEngine raised Chuy’s from a sell rating to a hold rating in a research report on Tuesday, June 18th. BidaskClub raised Chuy’s from a hold rating to a buy rating in a research report on Tuesday, August 6th. Finally, Zacks Investment Research raised Chuy’s from a hold rating to a buy rating and set a $27.00 target price on the stock in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Chuy’s has a consensus rating of Hold and a consensus target price of $26.00.

CHUY stock opened at $24.98 on Friday. Chuy’s has a 1-year low of $17.03 and a 1-year high of $29.95. The firm has a market cap of $421.30 million, a PE ratio of 28.39, a P/E/G ratio of 1.53 and a beta of 0.15. The company has a current ratio of 0.57, a quick ratio of 0.49 and a debt-to-equity ratio of 1.09. The business’s 50-day moving average price is $23.37 and its two-hundred day moving average price is $22.30.

Chuy’s (NASDAQ:CHUY) last released its earnings results on Thursday, August 8th. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.05. The business had revenue of $113.10 million for the quarter, compared to analyst estimates of $111.77 million. Chuy’s had a return on equity of 8.21% and a net margin of 1.30%. Chuy’s’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 earnings per share. On average, analysts forecast that Chuy’s will post 0.95 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of CHUY. Dimensional Fund Advisors LP increased its holdings in Chuy’s by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,016,579 shares of the restaurant operator’s stock valued at $18,034,000 after purchasing an additional 2,585 shares during the period. Geode Capital Management LLC increased its holdings in Chuy’s by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 188,447 shares of the restaurant operator’s stock valued at $3,343,000 after purchasing an additional 8,817 shares during the period. Principal Financial Group Inc. increased its holdings in Chuy’s by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 137,610 shares of the restaurant operator’s stock valued at $2,441,000 after purchasing an additional 773 shares during the period. Two Sigma Advisers LP grew its holdings in Chuy’s by 16.4% during the 4th quarter. Two Sigma Advisers LP now owns 19,200 shares of the restaurant operator’s stock worth $341,000 after acquiring an additional 2,700 shares during the period. Finally, Bank of America Corp DE grew its holdings in Chuy’s by 26.0% during the 4th quarter. Bank of America Corp DE now owns 147,879 shares of the restaurant operator’s stock worth $2,623,000 after acquiring an additional 30,482 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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