StockNews.com Begins Coverage on Chuy’s (NASDAQ:CHUY)

Stock analysts at StockNews.com assumed coverage on shares of Chuy’s (NASDAQ:CHUY) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the restaurant operator’s stock.

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

Chuy’s Stock Down 0.0 %

CHUY stock opened at $37.42 on Wednesday. The firm has a 50 day moving average of $37.20 and a 200 day moving average of $31.80. The stock has a market capitalization of $644.75 million, a PE ratio of 22.15 and a beta of 1.77. Chuy’s has a 52 week low of $22.52 and a 52 week high of $39.40.

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

Hedge Funds Weigh In On Chuy’s

Institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings 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 valued at $26,000 after purchasing an additional 466 shares in the last quarter. Quarry LP purchased a new stake in Chuy’s in the 2nd quarter worth $36,000. Lazard Asset Management LLC increased its holdings in Chuy’s by 607.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock worth $82,000 after acquiring an additional 2,107 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Chuy’s by 70.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock worth $90,000 after acquiring an additional 1,096 shares in the last quarter. Finally, Point72 DIFC Ltd increased its holdings in Chuy’s by 257.8% in the 2nd quarter. Point72 DIFC Ltd now owns 4,129 shares of the restaurant operator’s stock worth $107,000 after acquiring an additional 2,975 shares in the last quarter. 99.92% of the stock is owned by hedge funds and other institutional investors.

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.