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

Wedbush reiterated their neutral rating on shares of Chuy’s (NASDAQ:CHUY) in a report published on Monday morning, Benzinga reports. They currently have a $37.50 target price on the restaurant operator’s stock, down from their prior target price of $38.00.

CHUY has been the subject of a number of other reports. StockNews.com cut Chuy’s from a buy rating to a hold rating in a report on Saturday, May 11th. Jefferies Financial Group cut Chuy’s from a buy rating to a hold rating and cut their price target for the stock from $38.00 to $24.00 in a report on Thursday, July 11th. Piper Sandler cut their price target on Chuy’s from $35.00 to $31.00 and set a neutral rating for the company in a report on Monday, May 13th. Stifel Nicolaus dropped their target price on Chuy’s from $36.00 to $32.00 and set a hold rating for the company in a research note on Tuesday, May 14th. Finally, Stephens reiterated an equal weight rating and issued a $37.50 target price (up from $36.00) on shares of Chuy’s in a research note on Friday, July 19th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $34.71.

Chuy’s Price Performance

Chuy’s stock opened at $37.06 on Monday. Chuy’s has a 1-year low of $22.52 and a 1-year high of $42.89. The company has a market cap of $638.54 million, a PE ratio of 21.93 and a beta of 1.76. The stock’s 50 day moving average price is $26.88 and its 200 day moving average price is $30.70.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings data on Thursday, May 9th. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $110.50 million during the quarter, compared to analysts’ expectations of $111.67 million. Chuy’s had a return on equity of 13.51% and a net margin of 6.58%. Chuy’s’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 earnings per share. On average, equities research analysts anticipate that Chuy’s will post 1.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Chuy’s

A number of institutional investors have recently added to or reduced their stakes in CHUY. Public Employees Retirement System of Ohio boosted its position in shares of Chuy’s by 16.8% in the third quarter. Public Employees Retirement System of Ohio now owns 52,281 shares of the restaurant operator’s stock worth $1,860,000 after buying an additional 7,511 shares during the period. Wakefield Asset Management LLLP purchased a new stake in shares of Chuy’s in the fourth quarter worth about $872,000. Louisiana State Employees Retirement System purchased a new stake in shares of Chuy’s in the fourth quarter worth about $333,000. Russell Investments Group Ltd. boosted its position in shares of Chuy’s by 3.0% in the fourth quarter. Russell Investments Group Ltd. now owns 49,250 shares of the restaurant operator’s stock worth $1,883,000 after buying an additional 1,426 shares during the period. Finally, AJOVista LLC purchased a new stake in shares of Chuy’s in the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 99.92% of the company’s stock.

Chuy’s Company Profile

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.