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

Chuy’s Holdings, Inc. (NASDAQ:CHUY) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $38.14.

CHUY has been the subject of several recent research reports. Piper Sandler reduced their price target on Chuy’s from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. StockNews.com cut shares of Chuy’s from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. Stifel Nicolaus lowered their price target on shares of Chuy’s from $36.00 to $32.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. Benchmark reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Chuy’s in a report on Friday, May 10th. Finally, Wedbush reissued an “outperform” rating and set a $38.00 target price on shares of Chuy’s in a research note on Friday, May 10th.

Chuy’s Price Performance

CHUY stock opened at $24.43 on Thursday. The company has a market capitalization of $420.93 million, a P/E ratio of 14.46 and a beta of 1.76. Chuy’s has a 12 month low of $24.38 and a 12 month high of $42.89. The firm’s fifty day simple moving average is $27.05 and its 200-day simple moving average is $31.63.

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

Institutional Investors Weigh In On Chuy’s

Several large investors have recently bought and sold shares of CHUY. Westwood Holdings Group Inc. lifted its position in shares of Chuy’s by 10.7% in the first quarter. Westwood Holdings Group Inc. now owns 948,060 shares of the restaurant operator’s stock valued at $31,978,000 after acquiring an additional 91,612 shares in the last quarter. Tidal Investments LLC purchased a new position in Chuy’s in the 1st quarter valued at $482,000. Public Employees Retirement System of Ohio boosted its stake in Chuy’s by 16.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 60,696 shares of the restaurant operator’s stock worth $2,047,000 after purchasing an additional 8,415 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Chuy’s by 1.5% during 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 last quarter. Finally, 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 worth $82,000 after buying an additional 2,107 shares in the last quarter. 99.92% of the stock is currently owned by hedge funds and other institutional investors.

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.