Chuy’s (NASDAQ:CHUY) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Chuy’s (NASDAQ:CHUY) in a research note released on Monday. The brokerage issued a hold rating on the restaurant operator’s stock.

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

Chuy’s Trading Down 0.1 %

Shares of Chuy’s stock opened at $37.34 on Monday. The company has a fifty day moving average price of $35.89 and a 200 day moving average price of $31.56. Chuy’s has a twelve month low of $22.52 and a twelve month high of $39.40. The stock has a market cap of $643.37 million, a price-to-earnings ratio of 22.09 and a beta of 1.77.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings results on Friday, August 9th. The restaurant operator reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. Chuy’s had a net margin of 5.84% and a return on equity of 13.23%. The firm had revenue of $119.80 million during the quarter, compared to analysts’ expectations of $120.46 million. Analysts forecast that Chuy’s will post 1.83 earnings per share for the current year.

Institutional Investors Weigh In On Chuy’s

A number of institutional investors have recently modified their holdings of CHUY. Sei Investments Co. raised its stake in Chuy’s by 3.7% during the second quarter. Sei Investments Co. now owns 8,493 shares of the restaurant operator’s stock worth $220,000 after acquiring an additional 300 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Chuy’s by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,422 shares of the restaurant operator’s stock worth $1,060,000 after acquiring an additional 457 shares during the period. Nisa Investment Advisors LLC raised its stake in Chuy’s by 85.0% during the second quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 466 shares during the period. BNP Paribas Financial Markets raised its stake in Chuy’s by 4.7% during the first quarter. BNP Paribas Financial Markets now owns 13,693 shares of the restaurant operator’s stock worth $462,000 after acquiring an additional 614 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Chuy’s by 2.8% during the second quarter. Victory Capital Management Inc. now owns 27,000 shares of the restaurant operator’s stock worth $700,000 after acquiring 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.