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

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

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

Chuy’s Price Performance

Shares of NASDAQ CHUY opened at $37.39 on Tuesday. The company has a market capitalization of $644.23 million, a P/E ratio of 22.12 and a beta of 1.77. The company has a 50 day simple moving average of $36.70 and a 200-day simple moving average of $31.62. Chuy’s has a 1 year low of $22.52 and a 1 year high of $39.40.

Chuy’s (NASDAQ:CHUY) last posted its earnings results on Friday, August 9th. The restaurant operator reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The company 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%. As a group, research analysts expect that Chuy’s will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CHUY. Dimensional Fund Advisors LP boosted its stake in shares of Chuy’s by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 897,008 shares of the restaurant operator’s stock valued at $34,293,000 after buying an additional 13,295 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Chuy’s during the 4th quarter worth about $475,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Chuy’s in the 4th quarter valued at about $252,000. Trexquant Investment LP raised its position in shares of Chuy’s by 77.5% during the 4th quarter. Trexquant Investment LP now owns 36,595 shares of the restaurant operator’s stock worth $1,399,000 after acquiring an additional 15,981 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in Chuy’s during the fourth quarter worth approximately $162,000. 99.92% of the stock is currently 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.