Chuy’s (NASDAQ:CHUY) Releases FY 2019 Earnings Guidance

Chuy’s (NASDAQ:CHUY) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.93-0.97 for the period, compared to the Thomson Reuters consensus estimate of $0.92. Chuy’s also updated its FY19 guidance to $0.93-0.97 EPS.

NASDAQ CHUY traded up $2.55 on Friday, reaching $26.40. The company’s stock had a trading volume of 765,001 shares, compared to its average volume of 112,979. The stock has a market capitalization of $401.52 million, a price-to-earnings ratio of 30.00, a PEG ratio of 1.48 and a beta of 0.15. The company’s 50-day moving average price is $22.97. Chuy’s has a 52 week low of $17.03 and a 52 week high of $29.95. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.49 and a current ratio of 0.54.

Chuy’s (NASDAQ:CHUY) last posted its earnings results on Thursday, August 8th. The restaurant operator reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.05. The business had revenue of $113.10 million for the quarter, compared to analysts’ expectations of $111.77 million. Chuy’s had a net margin of 1.30% and a return on equity of 8.26%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. As a group, equities analysts forecast that Chuy’s will post 0.96 EPS for the current year.

A number of analysts recently weighed in on CHUY shares. ValuEngine raised shares of Chuy’s from a sell rating to a hold rating in a research note on Tuesday, June 18th. TheStreet raised shares of Chuy’s from a c rating to a b- rating in a research note on Thursday. BidaskClub raised shares of Chuy’s from a hold rating to a buy rating in a research note on Tuesday, August 6th. Telsey Advisory Group restated a market perform rating and issued a $26.00 price target (up from $23.00) on shares of Chuy’s in a research report on Friday. Finally, BMO Capital Markets boosted their price target on shares of Chuy’s from $18.00 to $19.00 and gave the company an underperform rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $26.00.

Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 30, 2018, it operated 100 restaurants. The company was founded in 1982 and is headquartered in Austin, Texas.

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Earnings History and Estimates for Chuy`s (NASDAQ:CHUY)

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