Chuy’s (NASDAQ:CHUY) Now Covered by Analysts at StockNews.com

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

Other equities analysts have also issued reports about the stock. Stephens restated an equal weight rating and issued a $37.50 price target on shares of Chuy’s in a research report on Monday, August 12th. Jefferies Financial Group lowered 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 downgraded Chuy’s from a buy rating to a hold rating and set a $37.50 price objective for the company. in a research report on Monday, August 19th. Finally, Wedbush restated a neutral rating and set a $37.50 target price (down previously from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $33.25.

Chuy’s Trading Up 0.0 %

NASDAQ CHUY opened at $37.48 on Thursday. Chuy’s has a 1-year low of $22.52 and a 1-year high of $39.40. The company has a market capitalization of $645.78 million, a price-to-earnings ratio of 22.18 and a beta of 1.77. The stock’s 50 day moving average is $37.26 and its two-hundred day moving average is $31.96.

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, beating analysts’ consensus estimates of $0.58 by $0.01. Chuy’s had a return on equity of 13.23% and a net margin of 5.84%. The firm had revenue of $119.80 million for the quarter, compared to analysts’ expectations of $120.46 million. On average, analysts predict 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 and hedge funds have recently made changes to their positions in the company. Sei Investments Co. increased its position in Chuy’s by 3.7% in the second quarter. Sei Investments Co. now owns 8,493 shares of the restaurant operator’s stock worth $220,000 after purchasing an additional 300 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Chuy’s by 1.5% in 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 purchasing an additional 457 shares during the period. Nisa Investment Advisors LLC boosted its position in 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 acquiring an additional 466 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings 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 purchasing an additional 614 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Chuy’s by 2.8% in the second quarter. Victory Capital Management Inc. now owns 27,000 shares of the restaurant operator’s stock valued at $700,000 after acquiring an additional 725 shares during the last quarter. Institutional investors own 99.92% of the company’s stock.

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.