Chuy’s (NASDAQ:CHUY)‘s stock had its “hold” rating reiterated by analysts at BMO Capital Markets in a research report issued on Friday, March 9th, MarketBeat Ratings reports. They currently have a $27.00 target price on the restaurant operator’s stock, down from their previous target price of $30.00. BMO Capital Markets’ price objective suggests a potential upside of 4.05% from the stock’s current price.
A number of other analysts have also recently commented on CHUY. BidaskClub cut Chuy’s from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. TheStreet upgraded Chuy’s from a “c+” rating to a “b-” rating in a research report on Friday, December 15th. Zacks Investment Research upgraded Chuy’s from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Telsey Advisory Group restated a “market perform” rating and issued a $29.00 price target (up previously from $23.00) on shares of Chuy’s in a research report on Wednesday, February 28th. Finally, Wedbush reiterated a “hold” rating and set a $25.00 target price on shares of Chuy’s in a research report on Friday, March 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. Chuy’s presently has a consensus rating of “Hold” and an average price target of $27.20.
NASDAQ:CHUY traded down $0.25 during midday trading on Friday, reaching $25.95. The company had a trading volume of 128,212 shares, compared to its average volume of 154,039. The firm has a market cap of $444.51, a PE ratio of 27.03, a price-to-earnings-growth ratio of 1.45 and a beta of -0.32. Chuy’s has a 12-month low of $18.00 and a 12-month high of $32.10.
Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings results on Thursday, March 8th. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). The business had revenue of $96.02 million for the quarter, compared to analysts’ expectations of $95.80 million. Chuy’s had a return on equity of 9.40% and a net margin of 7.83%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. equities analysts anticipate that Chuy’s will post 1.11 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of CHUY. Municipal Employees Retirement System of Michigan lifted its stake in Chuy’s by 59.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,340 shares of the restaurant operator’s stock valued at $133,000 after buying an additional 2,370 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Chuy’s by 71.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,488 shares of the restaurant operator’s stock valued at $179,000 after buying an additional 3,547 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in Chuy’s in the 4th quarter valued at approximately $205,000. Voya Investment Management LLC lifted its stake in Chuy’s by 15.1% in the 2nd quarter. Voya Investment Management LLC now owns 9,004 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 1,178 shares in the last quarter. Finally, Aperio Group LLC purchased a new stake in Chuy’s in the 4th quarter valued at approximately $224,000. 95.55% of the stock is currently owned by hedge funds and other institutional investors.
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Chuy’s Company Profile
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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