Chuy’s (NASDAQ:CHUY) Receives New Coverage from Analysts at StockNews.com

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

Other research analysts have also issued reports about the stock. Wedbush reiterated a “neutral” rating and set a $37.50 price target (down from $38.00) on shares of Chuy’s in a research note on Monday, July 22nd. Benchmark cut Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 target price on the stock. in a research report on Monday, August 19th. Jefferies Financial Group cut Chuy’s from a “buy” rating to a “hold” rating and reduced their price target for the company from $38.00 to $24.00 in a report on Thursday, July 11th. Finally, Stephens reaffirmed an “equal weight” rating and set a $37.50 price objective on shares of Chuy’s in a report on Monday, August 12th. Seven analysts have rated the stock with a hold rating, According to MarketBeat, Chuy’s has a consensus rating of “Hold” and a consensus target price of $33.25.

Chuy’s Stock Performance

Shares of CHUY stock opened at $37.40 on Wednesday. The company has a market capitalization of $644.40 million, a P/E ratio of 22.13 and a beta of 1.77. The business’s 50 day moving average is $37.19 and its two-hundred day moving average is $31.74. Chuy’s has a twelve month low of $22.52 and a twelve month high of $39.40.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings results on Friday, August 9th. The restaurant operator reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. The firm had revenue of $119.80 million during 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, equities analysts predict that Chuy’s will post 1.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chuy’s

Several hedge funds have recently bought and sold shares of CHUY. Janney Montgomery Scott LLC purchased a new position in shares of Chuy’s in the fourth quarter valued at $475,000. AdvisorShares Investments LLC increased its holdings in Chuy’s by 272.6% during the 4th quarter. AdvisorShares Investments LLC now owns 13,121 shares of the restaurant operator’s stock valued at $502,000 after acquiring an additional 9,600 shares in the last quarter. Westwood Holdings Group Inc. raised its position in Chuy’s by 1.8% during the fourth quarter. Westwood Holdings Group Inc. now owns 856,448 shares of the restaurant operator’s stock worth $32,742,000 after acquiring an additional 15,137 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Chuy’s by 16.9% in the fourth quarter. Wasatch Advisors LP now owns 262,297 shares of the restaurant operator’s stock valued at $10,028,000 after purchasing an additional 37,920 shares in the last quarter. Finally, Congress Asset Management Co. MA lifted its holdings in shares of Chuy’s by 10.8% in the fourth quarter. Congress Asset Management Co. MA now owns 728,329 shares of the restaurant operator’s stock valued at $27,844,000 after purchasing an additional 70,893 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.