Chuy’s Holdings, Inc. (CHUY) Expected to Announce Quarterly Sales of $93.91 Million
Wall Street analysts forecast that Chuy’s Holdings, Inc. (NASDAQ:CHUY) will announce $93.91 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Chuy’s Holdings’ earnings. The highest sales estimate is $96.32 million and the lowest is $92.24 million. Chuy’s Holdings posted sales of $85.60 million during the same quarter last year, which suggests a positive year-over-year growth rate of 9.7%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 7th.
On average, analysts expect that Chuy’s Holdings will report full-year sales of $93.91 million for the current fiscal year, with estimates ranging from $368.76 million to $377.06 million. For the next financial year, analysts anticipate that the company will report sales of $410.92 million per share, with estimates ranging from $407.44 million to $417.37 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Chuy’s Holdings.
Several analysts recently commented on the stock. Jefferies Group LLC restated a “hold” rating and set a $23.00 price target (down previously from $28.00) on shares of Chuy’s Holdings in a research report on Wednesday, August 9th. BMO Capital Markets dropped their target price on shares of Chuy’s Holdings from $31.00 to $24.00 and set a “market perform” rating on the stock in a research report on Friday, August 4th. Wedbush reissued a “hold” rating and issued a $23.00 price target on shares of Chuy’s Holdings in a research note on Sunday, July 30th. BidaskClub downgraded shares of Chuy’s Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Raymond James Financial, Inc. raised shares of Chuy’s Holdings to a “buy” rating in a research note on Sunday, July 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Chuy’s Holdings presently has a consensus rating of “Hold” and a consensus target price of $27.88.
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Shares of Chuy’s Holdings (NASDAQ CHUY) opened at 19.15 on Friday. The stock’s 50 day moving average is $20.30 and its 200-day moving average is $25.45. The company has a market cap of $323.73 million, a P/E ratio of 19.32 and a beta of 0.01. Chuy’s Holdings has a 12 month low of $18.00 and a 12 month high of $35.30.
A number of institutional investors have recently made changes to their positions in the business. Mason Street Advisors LLC grew its stake in shares of Chuy’s Holdings by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 3,934 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 258 shares during the period. BNP Paribas Arbitrage SA grew its stake in Chuy’s Holdings by 58.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,941 shares of the restaurant operator’s stock valued at $116,000 after acquiring an additional 1,813 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Chuy’s Holdings in the 1st quarter valued at about $200,000. Louisiana State Employees Retirement System grew its stake in Chuy’s Holdings by 1.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 6,900 shares of the restaurant operator’s stock valued at $206,000 after acquiring an additional 100 shares during the last quarter. Finally, 1st Global Advisors Inc. acquired a new stake in Chuy’s Holdings in the 1st quarter valued at about $211,000. Institutional investors own 99.85% 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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