$95.11 Million in Sales Expected for Chuy’s Holdings, Inc. (NASDAQ:CHUY) This Quarter
Wall Street brokerages predict that Chuy’s Holdings, Inc. (NASDAQ:CHUY) will report sales of $95.11 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Chuy’s Holdings’ earnings, with the lowest sales estimate coming in at $94.22 million and the highest estimate coming in at $95.82 million. Chuy’s Holdings reported sales of $87.91 million in the same quarter last year, which indicates a positive year over year growth rate of 8.2%. The company is scheduled to report its next quarterly earnings results on Tuesday, August 1st.
On average, analysts expect that Chuy’s Holdings will report full-year sales of $95.11 million for the current fiscal year, with estimates ranging from $377.59 million to $381.29 million. For the next financial year, analysts expect that the business will report sales of $432.62 million per share, with estimates ranging from $423.52 million to $448.10 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Chuy’s Holdings.
Chuy’s Holdings (NASDAQ:CHUY) last announced its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.27 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. Chuy’s Holdings had a net margin of 5.09% and a return on equity of 11.81%. The company had revenue of $86.90 million for the quarter, compared to analyst estimates of $87.80 million. During the same quarter in the prior year, the business posted $0.27 EPS. Chuy’s Holdings’s quarterly revenue was up 11.3% on a year-over-year basis.
Several analysts have issued reports on the stock. Raymond James Financial, Inc. raised shares of Chuy’s Holdings from a “market perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research report on Monday. Stephens dropped their price target on shares of Chuy’s Holdings from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Thursday, July 6th. TheStreet lowered shares of Chuy’s Holdings from a “b-” rating to a “c” rating in a research report on Tuesday, June 20th. Wedbush lowered shares of Chuy’s Holdings from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $34.00 to $23.00 in a research report on Wednesday, June 21st. Finally, Wells Fargo & Company lowered shares of Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $31.00 price target on the stock. in a research report on Friday, May 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Chuy’s Holdings presently has a consensus rating of “Hold” and an average price target of $29.63.
In other Chuy’s Holdings news, insider Sharon A. Russell sold 9,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $30.83, for a total value of $277,470.00. Following the transaction, the insider now directly owns 4,277 shares in the company, valued at $131,859.91. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sharon A. Russell sold 862 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $31.00, for a total transaction of $26,722.00. Following the completion of the transaction, the insider now owns 3,415 shares in the company, valued at $105,865. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,000 shares of company stock worth $339,470. Corporate insiders own 3.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC increased its position in Chuy’s Holdings by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,934 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 258 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Chuy’s Holdings during the first quarter valued at approximately $200,000. Louisiana State Employees Retirement System increased its position in Chuy’s Holdings by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 6,900 shares of the restaurant operator’s stock valued at $206,000 after buying an additional 100 shares during the period. Aperio Group LLC acquired a new position in Chuy’s Holdings during the second quarter valued at approximately $206,000. Finally, 1st Global Advisors Inc. acquired a new position in Chuy’s Holdings during the first quarter valued at approximately $211,000.
Chuy’s Holdings (NASDAQ CHUY) traded up 0.103% on Thursday, reaching $24.375. 33,518 shares of the company were exchanged. The stock has a 50 day moving average of $24.50 and a 200 day moving average of $28.01. The firm has a market capitalization of $411.82 million, a PE ratio of 23.897 and a beta of 0.01. Chuy’s Holdings has a 12-month low of $21.59 and a 12-month high of $37.78.
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Chuy’s Holdings Company Profile
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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