Chuy’s (CHUY) to Release Earnings on Thursday

Chuy’s (NASDAQ:CHUY) is scheduled to be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Chuy’s has set its FY24 guidance at $1.82-1.87 EPS and its FY 2024 guidance at 1.820-1.870 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.07. The business had revenue of $116.30 million during the quarter, compared to analyst estimates of $116.63 million. Chuy’s had a net margin of 6.83% and a return on equity of 13.96%. Chuy’s’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS. On average, analysts expect Chuy’s to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Chuy’s Price Performance

Chuy’s stock opened at $29.31 on Wednesday. Chuy’s has a one year low of $28.73 and a one year high of $43.17. The company’s fifty day moving average price is $32.27 and its two-hundred day moving average price is $34.01. The company has a market capitalization of $505.01 million, a price-to-earnings ratio of 16.84 and a beta of 1.68.

Analyst Ratings Changes

A number of research analysts recently weighed in on CHUY shares. StockNews.com raised Chuy’s from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Piper Sandler reduced their price objective on shares of Chuy’s from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Wedbush lowered their target price on shares of Chuy’s from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Finally, Stephens started coverage on shares of Chuy’s in a research report on Friday, April 12th. They set an “overweight” rating and a $40.00 target price for the company. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.71.

About Chuy’s

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.