Chuy’s (NASDAQ:CHUY) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.
A number of other research analysts have also issued reports on CHUY. ValuEngine upgraded shares of Chuy’s from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Raymond James reiterated a “buy” rating on shares of Chuy’s in a report on Monday, August 13th. Stifel Nicolaus raised their price objective on shares of Chuy’s from $26.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, July 12th. Zacks Investment Research lowered shares of Chuy’s from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Finally, BMO Capital Markets lowered shares of Chuy’s from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $28.00 to $23.00 in a report on Monday, September 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $28.50.
Shares of NASDAQ CHUY opened at $26.94 on Friday. The company has a market capitalization of $444.84 million, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 1.37 and a beta of -0.24. Chuy’s has a 1 year low of $19.85 and a 1 year high of $34.10.
Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings data on Thursday, August 9th. The restaurant operator reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $106.30 million during the quarter, compared to analyst estimates of $106.05 million. Chuy’s had a net margin of 7.39% and a return on equity of 8.32%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business earned $0.31 EPS. On average, equities analysts expect that Chuy’s will post 1.1 earnings per share for the current year.
In other Chuy’s news, Director Ira L. Zecher sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $27.53, for a total transaction of $41,295.00. Following the completion of the transaction, the director now owns 3,774 shares in the company, valued at approximately $103,898.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in CHUY. BlackRock Inc. raised its holdings in Chuy’s by 7.9% during the 2nd quarter. BlackRock Inc. now owns 2,380,861 shares of the restaurant operator’s stock worth $73,093,000 after purchasing an additional 174,866 shares during the last quarter. Wasatch Advisors Inc. raised its holdings in Chuy’s by 6.3% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,493,400 shares of the restaurant operator’s stock worth $45,847,000 after purchasing an additional 88,496 shares during the last quarter. Cadence Capital Management LLC bought a new position in Chuy’s during the 2nd quarter worth approximately $1,981,000. Macquarie Group Ltd. raised its holdings in Chuy’s by 6.8% during the 2nd quarter. Macquarie Group Ltd. now owns 953,055 shares of the restaurant operator’s stock worth $29,259,000 after purchasing an additional 60,693 shares during the last quarter. Finally, Spark Investment Management LLC bought a new position in Chuy’s during the 2nd quarter worth approximately $1,562,000.
Chuy's Holdings, Inc, through its subsidiaries, owns and operates restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 31, 2017, the company operated 91 Chuy's restaurants in 19 states. Chuy's Holdings, Inc was founded in 1982 and is headquartered in Austin, Texas.
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