Chuy’s Holdings, Inc. (NASDAQ:CHUY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Chuy’s Holdings, Inc. (NASDAQ:CHUY) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $38.14.

CHUY has been the subject of several research reports. StockNews.com cut shares of Chuy’s from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. Benchmark restated a “buy” rating and issued a $41.00 price target on shares of Chuy’s in a report on Friday, May 10th. Stephens reiterated an “overweight” rating and set a $40.00 price objective on shares of Chuy’s in a research note on Friday, May 10th. Stifel Nicolaus decreased their target price on shares of Chuy’s from $36.00 to $32.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. Finally, Piper Sandler dropped their price target on shares of Chuy’s from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th.

Hedge Funds Weigh In On Chuy’s

A number of hedge funds have recently bought and sold shares of CHUY. AJOVista LLC bought a new position in Chuy’s during the 4th quarter worth approximately $53,000. Lazard Asset Management LLC raised its position in shares of 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 acquiring an additional 2,107 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Chuy’s by 70.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock worth $90,000 after purchasing an additional 1,096 shares during the last quarter. Quest Partners LLC acquired a new position in Chuy’s in the fourth quarter worth $162,000. Finally, EntryPoint Capital LLC increased its stake in Chuy’s by 106.8% during the first quarter. EntryPoint Capital LLC now owns 5,193 shares of the restaurant operator’s stock valued at $175,000 after purchasing an additional 2,682 shares during the last quarter. 99.92% of the stock is currently owned by institutional investors and hedge funds.

Chuy’s Stock Down 1.6 %

CHUY stock opened at $23.52 on Thursday. The stock has a market capitalization of $405.25 million, a price-to-earnings ratio of 13.92 and a beta of 1.76. Chuy’s has a 52-week low of $23.29 and a 52-week high of $42.89. The stock’s fifty day simple moving average is $26.48 and its 200-day simple moving average is $31.17.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings results on Thursday, May 9th. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. Chuy’s had a return on equity of 13.51% and a net margin of 6.58%. The firm had revenue of $110.50 million for the quarter, compared to analyst estimates of $111.67 million. During the same period last year, the company earned $0.47 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, analysts anticipate that Chuy’s will post 1.84 earnings per share for the current fiscal year.

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.