Chuy’s (NASDAQ:CHUY) Updates FY 2024 Earnings Guidance

Chuy’s (NASDAQ:CHUY) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.820-1.870 for the period, compared to the consensus earnings per share estimate of 1.850. The company issued revenue guidance of -. Chuy’s also updated its FY24 guidance to $1.82-$1.87 EPS.

Chuy’s Stock Up 1.9 %

Shares of CHUY traded up $0.56 on Thursday, reaching $29.72. The stock had a trading volume of 141,612 shares, compared to its average volume of 129,588. The firm has a market capitalization of $512.08 million, a PE ratio of 17.08 and a beta of 1.68. The firm has a 50-day moving average of $32.09 and a 200 day moving average of $33.95. Chuy’s has a twelve month low of $28.73 and a twelve month high of $43.17.

Chuy’s (NASDAQ:CHUY) last announced its earnings results on Thursday, February 22nd. The restaurant operator reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $116.30 million for the quarter, compared to analysts’ expectations of $116.63 million. Chuy’s had a return on equity of 13.96% and a net margin of 6.83%. Chuy’s’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, sell-side analysts anticipate that Chuy’s will post 1.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CHUY shares. StockNews.com raised Chuy’s from a hold rating to a buy rating in a research note on Friday, May 3rd. Wedbush cut their price objective on Chuy’s from $41.00 to $38.00 and set an outperform rating on the stock in a research report on Friday, February 23rd. Stephens initiated coverage on Chuy’s in a research report on Friday, April 12th. They issued an overweight rating and a $40.00 price objective on the stock. Finally, Piper Sandler cut their price objective on Chuy’s from $39.00 to $35.00 and set a neutral rating on the stock in a research report on Friday, February 23rd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Chuy’s has a consensus rating of Moderate Buy and an average target price of $39.71.

About Chuy’s

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in the United States. The company was founded in 1982 and is headquartered in Austin, Texas.