Wedbush Brokers Reduce Earnings Estimates for Chuy’s Holdings, Inc. (CHUY)
Chuy’s Holdings, Inc. (NASDAQ:CHUY) – Analysts at Wedbush decreased their Q3 2017 EPS estimates for Chuy’s Holdings in a research note issued on Friday. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $0.23 per share for the quarter, down from their previous estimate of $0.27. Wedbush has a “Hold” rating and a $23.00 price target on the stock. Wedbush also issued estimates for Chuy’s Holdings’ FY2017 earnings at $1.04 EPS and Q3 2018 earnings at $0.26 EPS.
Other analysts have also recently issued reports about the stock. Stephens lowered 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 report on Thursday, July 6th. BMO Capital Markets lowered their price target on shares of Chuy’s Holdings from $31.00 to $24.00 and set a “market perform” rating on the stock in a report on Friday. BidaskClub cut shares of Chuy’s Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Raymond James Financial, Inc. upgraded 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 report on Monday, July 17th. Finally, TheStreet cut shares of Chuy’s Holdings from a “b-” rating to a “c” rating in a report on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Chuy’s Holdings currently has a consensus rating of “Hold” and a consensus target price of $28.50.
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Chuy’s Holdings (CHUY) opened at 20.85 on Monday. Chuy’s Holdings has a one year low of $20.25 and a one year high of $35.30. The firm has a 50-day moving average of $23.68 and a 200 day moving average of $27.52. The stock has a market capitalization of $352.26 million, a PE ratio of 20.44 and a beta of 0.01.
Chuy’s Holdings (NASDAQ:CHUY) last issued its earnings results on Thursday, May 4th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $86.90 million during the quarter, compared to analysts’ expectations of $87.80 million. Chuy’s Holdings had a net margin of 4.86% and a return on equity of 11.34%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share.
In related news, insider Sharon A. Russell sold 862 shares of Chuy’s Holdings stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $31.00, for a total value of $26,722.00. Following the completion of the sale, the insider now directly owns 3,415 shares in the company, valued at approximately $105,865. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sharon A. Russell sold 1,138 shares of Chuy’s Holdings stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $31.00, for a total transaction of $35,278.00. Following the completion of the sale, the insider now owns 3,115 shares of the company’s stock, valued at $96,565. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock valued at $339,470 over the last quarter. 3.30% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in CHUY. 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 during the period. 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 during the period. Oppenheimer Asset Management Inc. bought a new stake in Chuy’s Holdings during the first quarter worth approximately $200,000. Louisiana State Employees Retirement System boosted its stake 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 worth $206,000 after buying an additional 100 shares during the period. Finally, 1st Global Advisors Inc. bought a new stake in Chuy’s Holdings during the first quarter worth approximately $211,000. 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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