Chuy’s Holdings, Inc. (CHUY) Price Target Cut to $32.00 by Analysts at Stephens
Chuy’s Holdings, Inc. (NASDAQ:CHUY) had its target price reduced by equities researchers at Stephens from $35.00 to $32.00 in a research report issued on Thursday. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. Stephens’ price target would indicate a potential upside of 37.04% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. TheStreet lowered Chuy’s Holdings from a “b-” rating to a “c” rating in a research note on Tuesday, June 20th. Wedbush lowered Chuy’s Holdings from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $34.00 to $23.00 in a research note on Wednesday, June 21st. Wells Fargo & Company lowered Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $31.00 target price on the stock. in a research note on Friday, May 19th. Finally, Zacks Investment Research lowered Chuy’s Holdings from a “hold” rating to a “sell” rating in a research note on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $29.71.
Shares of Chuy’s Holdings (NASDAQ:CHUY) traded up 0.43% on Thursday, reaching $23.35. The company’s stock had a trading volume of 89,815 shares. The company’s 50 day moving average is $26.34 and its 200-day moving average is $28.97. The firm has a market cap of $394.50 million, a price-to-earnings ratio of 22.89 and a beta of 0.01. Chuy’s Holdings has a 1-year low of $21.59 and a 1-year high of $37.78.
Chuy’s Holdings (NASDAQ:CHUY) last released its quarterly earnings data on Thursday, May 4th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.27. Chuy’s Holdings had a return on equity of 11.81% and a net margin of 5.09%. The company had revenue of $86.90 million during the quarter, compared to analysts’ expectations of $87.80 million. During the same period last year, the firm posted $0.27 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. Equities research analysts expect that Chuy’s Holdings will post $1.09 EPS for the current year.
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In other news, insider Sharon A. Russell sold 9,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $30.83, for a total transaction of $277,470.00. Following the transaction, the insider now owns 4,277 shares in the company, valued at $131,859.91. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sharon A. Russell sold 1,138 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $31.00, for a total value of $35,278.00. Following the transaction, the insider now owns 3,115 shares in the company, valued at approximately $96,565. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,000 shares of company stock worth $339,470. 3.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Chuy’s Holdings during the fourth quarter worth approximately $4,078,000. Comerica Bank raised its position in Chuy’s Holdings by 7.2% in the fourth quarter. Comerica Bank now owns 15,325 shares of the restaurant operator’s stock worth $457,000 after buying an additional 1,023 shares during the period. State Street Corp raised its position in Chuy’s Holdings by 9.6% in the fourth quarter. State Street Corp now owns 345,123 shares of the restaurant operator’s stock worth $11,200,000 after buying an additional 30,325 shares during the period. Dimensional Fund Advisors LP raised its position in Chuy’s Holdings by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 657,371 shares of the restaurant operator’s stock worth $21,332,000 after buying an additional 12,512 shares during the period. Finally, Guggenheim Capital LLC bought a new position in Chuy’s Holdings during the fourth quarter worth approximately $686,000. Hedge funds and other institutional investors own 98.37% of the company’s stock.
About Chuy’s Holdings
Chuy’s Holdings, Inc operates Chuy’s, a restaurant concept offering a distinct menu of authentic, freshly prepared Mexican and Tex-Mex inspired food. As of December 25, 2016, the Company operated 80 Chuy’s restaurants across 16 states. The Company offers the same menu during lunch and dinner, which includes enchiladas, fajitas, tacos, burritos, combination platters and daily specials, complemented by a range of appetizers, soups and salads.
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