Chuy’s (NASDAQ:CHUY) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Chuy’s (NASDAQ:CHUY) in a research note issued to investors on Monday. The firm issued a hold rating on the restaurant operator’s stock.

A number of other analysts also recently issued reports on CHUY. Stephens reaffirmed an equal weight rating and issued a $37.50 price objective on shares of Chuy’s in a research note on Monday, August 12th. Jefferies Financial Group cut shares of Chuy’s from a buy rating to a hold rating and reduced their price target for the stock from $38.00 to $24.00 in a research report on Thursday, July 11th. Benchmark lowered shares of Chuy’s from a buy rating to a hold rating and set a $37.50 price objective for the company. in a research report on Monday, August 19th. Finally, Wedbush reissued a neutral rating and issued a $37.50 price objective (down from $38.00) on shares of Chuy’s in a research note on Monday, July 22nd. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $33.25.

Chuy’s Price Performance

CHUY stock opened at $37.38 on Monday. Chuy’s has a 1-year low of $22.52 and a 1-year high of $39.40. The business has a 50 day simple moving average of $36.17 and a two-hundred day simple moving average of $31.60. The company has a market capitalization of $644.06 million, a price-to-earnings ratio of 22.12 and a beta of 1.77.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings data on Friday, August 9th. The restaurant operator reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. Chuy’s had a return on equity of 13.23% and a net margin of 5.84%. The firm had revenue of $119.80 million during the quarter, compared to analyst estimates of $120.46 million. Sell-side analysts anticipate that Chuy’s will post 1.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Chuy’s

Several hedge funds have recently bought and sold shares of CHUY. Sei Investments Co. lifted its position in shares of Chuy’s by 3.7% during the second quarter. Sei Investments Co. now owns 8,493 shares of the restaurant operator’s stock worth $220,000 after purchasing an additional 300 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Chuy’s by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,422 shares of the restaurant operator’s stock valued at $1,060,000 after buying an additional 457 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Chuy’s by 85.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 466 shares during the period. BNP Paribas Financial Markets grew its stake in Chuy’s by 4.7% in the 1st quarter. BNP Paribas Financial Markets now owns 13,693 shares of the restaurant operator’s stock worth $462,000 after acquiring an additional 614 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Chuy’s by 2.8% during the second quarter. Victory Capital Management Inc. now owns 27,000 shares of the restaurant operator’s stock worth $700,000 after acquiring an additional 725 shares during the period. Institutional investors own 99.92% of the company’s stock.

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.