Chuy’s (NASDAQ:CHUY) Coverage Initiated by Analysts at StockNews.com

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

Several other research firms have also weighed in on CHUY. Wedbush reissued a “neutral” rating and issued a $37.50 target price (down previously from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Benchmark lowered Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price objective on the stock. in a research note on Monday, August 19th. Jefferies Financial Group lowered Chuy’s from a “buy” rating to a “hold” rating and decreased their price objective for the company from $38.00 to $24.00 in a research note on Thursday, July 11th. Finally, Stephens reaffirmed an “equal weight” rating and set a $37.50 price objective on shares of Chuy’s in a research note on Monday, August 12th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $33.25.

Chuy’s Price Performance

Chuy’s stock opened at $37.48 on Friday. Chuy’s has a 12 month low of $22.52 and a 12 month high of $39.40. The business has a 50 day simple moving average of $37.39 and a 200-day simple moving average of $32.66. The stock has a market capitalization of $645.78 million, a PE ratio of 22.18 and a beta of 1.77.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings results on Friday, August 9th. The restaurant operator reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. Chuy’s had a return on equity of 13.23% and a net margin of 5.84%. The business had revenue of $119.80 million during the quarter, compared to analysts’ expectations of $120.46 million. As a group, equities research analysts anticipate that Chuy’s will post 1.83 EPS for the current year.

Institutional Investors Weigh In On Chuy’s

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