Chuy’s (NASDAQ:CHUY) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Chuy’s (NASDAQ:CHUY) in a report issued on Monday. The brokerage set a “hold” rating on the restaurant operator’s stock.

Several other equities research analysts also recently commented on CHUY. Jefferies Financial Group downgraded Chuy’s from a “buy” rating to a “hold” rating and dropped their target price for the company from $38.00 to $24.00 in a report on Thursday, July 11th. Stephens reiterated an “equal weight” rating and set a $37.50 target price on shares of Chuy’s in a report on Monday, August 12th. Benchmark downgraded Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 target price on the stock. in a report on Monday, August 19th. Finally, Wedbush reiterated a “neutral” rating and set a $37.50 target price (down from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $33.25.

Chuy’s Price Performance

NASDAQ CHUY opened at $37.36 on Monday. The firm has a market capitalization of $643.71 million, a P/E ratio of 22.11 and a beta of 1.77. Chuy’s has a 1-year low of $22.52 and a 1-year high of $39.40. The business’s 50-day simple moving average is $35.35 and its 200-day simple moving average is $31.49.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in Chuy’s by 85.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 466 shares during the period. Quarry LP acquired a new position in Chuy’s during the 2nd quarter valued at approximately $36,000. Lazard Asset Management LLC boosted its position in Chuy’s by 607.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock valued at $82,000 after purchasing an additional 2,107 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Chuy’s by 70.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock valued at $90,000 after purchasing an additional 1,096 shares during the period. Finally, Point72 DIFC Ltd boosted its position in Chuy’s by 257.8% during the 2nd quarter. Point72 DIFC Ltd now owns 4,129 shares of the restaurant operator’s stock valued at $107,000 after purchasing an additional 2,975 shares during the period. Institutional investors and hedge funds 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.