Wedbush Reaffirms “Neutral” Rating for Chuy’s (NASDAQ:CHUY)

Wedbush restated their neutral rating on shares of Chuy’s (NASDAQ:CHUY) in a research report released on Monday, Benzinga reports. They currently have a $37.50 price target on the restaurant operator’s stock, down from their previous price target of $38.00.

Other equities research analysts have also issued research reports about the stock. Piper Sandler lowered their target price on shares of Chuy’s from $35.00 to $31.00 and set a neutral rating on the stock in a report on Monday, May 13th. Stifel Nicolaus lowered their target price 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. Stephens restated an equal weight rating and issued a $37.50 target price (up previously from $36.00) on shares of Chuy’s in a report on Friday, July 19th. StockNews.com lowered shares of Chuy’s from a buy rating to a hold rating in a research note on Saturday, May 11th. Finally, Benchmark reiterated a buy rating and issued a $41.00 price objective on shares of Chuy’s in a research note on Thursday, July 18th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $34.71.

Chuy’s Trading Down 0.1 %

Shares of CHUY opened at $37.12 on Monday. The stock has a market capitalization of $639.58 million, a P/E ratio of 21.96 and a beta of 1.76. The firm’s fifty day simple moving average is $26.69 and its two-hundred day simple moving average is $30.66. Chuy’s has a 12 month low of $22.52 and a 12 month high of $42.89.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted 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 in the last quarter. Nisa Investment Advisors LLC grew its holdings in 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. BNP Paribas Financial Markets grew its holdings in Chuy’s by 4.7% in the 1st quarter. BNP Paribas Financial Markets now owns 13,693 shares of the restaurant operator’s stock worth $462,000 after acquiring an additional 614 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Chuy’s by 70.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock worth $90,000 after acquiring an additional 1,096 shares during the last quarter. Finally, AJOVista LLC bought a new stake in Chuy’s in the 4th quarter worth $53,000. 99.92% of the stock is owned by 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.