Chuy’s (NASDAQ:CHUY) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Chuy’s (NASDAQ:CHUY) in a research report sent to investors on Sunday. The brokerage issued a hold rating on the restaurant operator’s stock.

Other equities analysts have also recently issued reports about the company. Wedbush reiterated 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. Jefferies Financial Group cut Chuy’s from a “buy” rating to a “hold” rating and lowered their price target for the company from $38.00 to $24.00 in a research report on Thursday, July 11th. Stephens reiterated an “equal weight” rating and set a $37.50 price target on shares of Chuy’s in a research report on Monday, August 12th. Finally, Benchmark cut Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price target on the stock. in a research report on Monday, August 19th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $33.25.

Chuy’s Price Performance

Shares of Chuy’s stock opened at $37.48 on Friday. The business’s fifty day moving average price is $37.38 and its two-hundred day moving average price is $32.53. The company has a market capitalization of $645.78 million, a P/E ratio of 22.18 and a beta of 1.77. Chuy’s has a 1-year low of $22.52 and a 1-year high of $39.40.

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

Hedge Funds Weigh In On Chuy’s

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its holdings in shares of Chuy’s by 85.0% in 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. Quarry LP purchased a new position in shares of Chuy’s during the second quarter valued at $36,000. Lazard Asset Management LLC grew its holdings in shares of Chuy’s by 607.2% during the first quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock valued at $82,000 after buying an additional 2,107 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 valued at $90,000 after buying an additional 1,096 shares in the last quarter. Finally, Point72 DIFC Ltd grew its holdings in shares of Chuy’s by 257.8% during the second quarter. Point72 DIFC Ltd now owns 4,129 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 2,975 shares in the last quarter. 99.92% of the stock is currently owned by institutional investors and hedge funds.

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.