Chuy’s Holdings, Inc. (NASDAQ:CHUY) Receives Consensus Recommendation of “Hold” from Brokerages

Chuy’s Holdings, Inc. (NASDAQ:CHUY) has received an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $33.83.

CHUY has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their target price on shares of Chuy’s from $36.00 to $32.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. Jefferies Financial Group lowered Chuy’s from a “buy” rating to a “hold” rating and decreased their target price for the stock from $38.00 to $24.00 in a research report on Thursday, July 11th. Piper Sandler lowered their price target on Chuy’s from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Benchmark restated a “buy” rating and set a $41.00 price objective on shares of Chuy’s in a research note on Thursday, July 18th. Finally, StockNews.com began coverage on shares of Chuy’s in a research note on Tuesday, July 30th. They set a “hold” rating for the company.

Institutional Investors Weigh In On Chuy’s

A number of hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 acquiring an additional 457 shares during the period. Nisa Investment Advisors LLC grew its position 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 purchasing an additional 466 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Chuy’s by 4.7% in the first quarter. BNP Paribas Financial Markets now owns 13,693 shares of the restaurant operator’s stock valued at $462,000 after purchasing an additional 614 shares during the period. Allspring Global Investments Holdings LLC raised 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 during the last quarter. Finally, AJOVista LLC acquired a new position in shares of Chuy’s during the fourth quarter worth approximately $53,000. 99.92% of the stock is currently owned by institutional investors.

Chuy’s Price Performance

Shares of NASDAQ CHUY opened at $37.09 on Monday. Chuy’s has a fifty-two week low of $22.52 and a fifty-two week high of $42.89. The business has a 50 day moving average price of $28.31 and a two-hundred day moving average price of $30.84. The firm has a market cap of $639.06 million, a PE ratio of 21.95 and a beta of 1.76.

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

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.