Chuy’s Holdings, Inc. (CHUY) Given Average Rating of “Hold” by Brokerages
Chuy’s Holdings, Inc. (NASDAQ:CHUY) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $29.71.
A number of research firms have recently commented on CHUY. Raymond James Financial, Inc. upgraded Chuy’s Holdings to a “buy” rating in a research report on Sunday. Stephens cut their target price on 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 cut Chuy’s Holdings from a “b-” rating to a “c” rating in a research report on Tuesday, June 20th. Wells Fargo & Company cut 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 report on Friday, May 19th. Finally, Zacks Investment Research upgraded Chuy’s Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd.
Shares of Chuy’s Holdings (NASDAQ:CHUY) opened at 23.90 on Monday. The stock has a market cap of $403.79 million, a P/E ratio of 23.43 and a beta of 0.01. The firm’s 50-day moving average price is $24.43 and its 200 day moving average price is $27.99. 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 posted its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.27 earnings per share 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 for the quarter, compared to analysts’ expectations of $87.80 million. During the same period last year, the firm earned $0.27 earnings per share. Chuy’s Holdings’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts expect that Chuy’s Holdings will post $1.09 earnings per share for the current fiscal year.
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In related news, insider Sharon A. Russell sold 862 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $31.00, for a total value of $26,722.00. Following the transaction, the insider now owns 3,415 shares in the company, valued at approximately $105,865. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sharon A. Russell sold 9,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $30.83, for a total value of $277,470.00. Following the completion of the transaction, the insider now owns 4,277 shares in the company, valued at approximately $131,859.91. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock worth $339,470 in the last 90 days. 3.30% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of CHUY. Great West Life Assurance Co. Can boosted its position in shares of Chuy’s Holdings by 7.4% in the first quarter. Great West Life Assurance Co. Can now owns 24,566 shares of the restaurant operator’s stock valued at $732,000 after buying an additional 1,701 shares during the period. Geneva Advisors LLC acquired a new stake in shares of Chuy’s Holdings during the first quarter worth $929,000. Russell Investments Group Ltd. raised its stake in shares of Chuy’s Holdings by 115.2% in the first quarter. Russell Investments Group Ltd. now owns 271,696 shares of the restaurant operator’s stock worth $8,097,000 after buying an additional 145,426 shares in the last quarter. Strs Ohio raised its stake in shares of Chuy’s Holdings by 3.4% in the first quarter. Strs Ohio now owns 150,000 shares of the restaurant operator’s stock worth $4,470,000 after buying an additional 5,000 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Chuy’s Holdings during the first quarter worth $401,000. Hedge funds and other institutional investors own 98.37% of the company’s stock.
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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