Chuy’s Holdings, Inc. (CHUY) Expected to Announce Earnings of $0.25 Per Share
Equities research analysts expect that Chuy’s Holdings, Inc. (NASDAQ:CHUY) will report earnings per share of $0.25 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Chuy’s Holdings’ earnings. The highest EPS estimate is $0.30 and the lowest is $0.22. Chuy’s Holdings reported earnings of $0.29 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 13.8%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Chuy’s Holdings will report full year earnings of $1.04 per share for the current year, with EPS estimates ranging from $1.03 to $1.05. For the next financial year, analysts forecast that the company will report earnings of $1.15 per share, with EPS estimates ranging from $1.08 to $1.21. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Chuy’s Holdings.
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 11.34% and a net margin of 4.86%. The business had revenue of $86.90 million during the quarter, compared to analyst estimates of $87.80 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year.
CHUY has been the subject of a number of recent research reports. Zacks Investment Research raised Chuy’s Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Wells Fargo & Company cut Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $31.00 target price for the company. in a report on Friday, May 19th. TheStreet raised Chuy’s Holdings from a “c+” rating to a “b-” rating in a report on Monday, May 22nd. Wedbush cut Chuy’s Holdings from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $34.00 to $23.00 in a report on Wednesday, June 21st. Finally, Stephens dropped their target price on Chuy’s Holdings from $35.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $28.50.
In related news, insider Sharon A. Russell sold 862 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $31.00, for a total transaction of $26,722.00. Following the completion of the sale, the insider now directly owns 3,415 shares of the company’s stock, valued at approximately $105,865. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sharon A. Russell sold 1,138 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $31.00, for a total value of $35,278.00. Following the sale, the insider now directly owns 3,115 shares of the company’s stock, valued at $96,565. The disclosure for this sale can be found here. Insiders have sold a total of 11,000 shares of company stock valued at $339,470 over the last ninety days. Insiders own 3.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its stake in Chuy’s Holdings by 58.0% in the second quarter. BNP Paribas Arbitrage SA now owns 4,941 shares of the restaurant operator’s stock worth $116,000 after buying an additional 1,813 shares in the last quarter. Mason Street Advisors LLC boosted its stake 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 worth $117,000 after buying an additional 258 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Chuy’s Holdings during the first quarter worth approximately $200,000. Louisiana State Employees Retirement System raised its position in shares of 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 worth $206,000 after buying an additional 100 shares during the last quarter. Finally, Aperio Group LLC purchased a new position in shares of Chuy’s Holdings during the second quarter worth approximately $206,000. 98.37% of the stock is owned by hedge funds and other institutional investors.
Chuy’s Holdings (CHUY) traded up 0.96% on Monday, reaching $21.05. The company had a trading volume of 341,478 shares. Chuy’s Holdings has a one year low of $20.25 and a one year high of $35.30. The company has a 50-day moving average of $23.68 and a 200 day moving average of $27.52. The stock has a market cap of $355.64 million, a price-to-earnings ratio of 20.64 and a beta of 0.01.
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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