Wall Street analysts expect that Chuy’s Holdings, Inc. (NASDAQ:CHUY) will post sales of $93.91 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Chuy’s Holdings’ earnings, with estimates ranging from $92.24 million to $96.32 million. Chuy’s Holdings posted sales of $85.60 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.7%. The business is expected to announce its next earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Chuy’s Holdings will report full year sales of $93.91 million for the current financial year, with estimates ranging from $368.76 million to $377.06 million. For the next financial year, analysts forecast that the company will post sales of $410.92 million per share, with estimates ranging from $407.44 million to $417.37 million. Zacks’ sales averages are an average based on a survey of research firms that follow Chuy’s Holdings.

CHUY has been the topic of several recent research reports. Wedbush cut shares of Chuy’s Holdings from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $34.00 to $23.00 in a research report on Wednesday, June 21st. TheStreet lowered Chuy’s Holdings from a “b-” rating to a “c” rating in a research report on Tuesday, June 20th. Stephens decreased their price target on Chuy’s Holdings from $35.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, July 6th. Raymond James Financial, Inc. raised 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 note on Monday, July 17th. Finally, BidaskClub downgraded Chuy’s Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $27.25.

Chuy’s Holdings (NASDAQ:CHUY) traded up 0.23% during midday trading on Wednesday, reaching $21.80. 22,958 shares of the company’s stock were exchanged. Chuy’s Holdings has a 12 month low of $18.00 and a 12 month high of $35.30. The stock has a market cap of $368.53 million, a PE ratio of 22.00 and a beta of -0.02. The firm has a 50 day moving average of $19.75 and a 200-day moving average of $24.69.

ILLEGAL ACTIVITY NOTICE: “$93.91 Million in Sales Expected for Chuy’s Holdings, Inc. (CHUY) This Quarter” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/04/93-91-million-in-sales-expected-for-chuys-holdings-inc-chuy-this-quarter.html.

Institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its holdings in shares of Chuy’s Holdings by 5.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 78,927 shares of the restaurant operator’s stock valued at $2,353,000 after buying an additional 3,915 shares in the last quarter. Penn Capital Management Co. Inc. increased its stake in shares of Chuy’s Holdings by 10.6% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 209,560 shares of the restaurant operator’s stock worth $4,904,000 after acquiring an additional 20,167 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Chuy’s Holdings by 11.2% in the 2nd quarter. Stephens Investment Management Group LLC now owns 1,267,202 shares of the restaurant operator’s stock worth $29,653,000 after acquiring an additional 127,669 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Chuy’s Holdings by 1.1% in the 1st quarter. Arizona State Retirement System now owns 8,800 shares of the restaurant operator’s stock worth $262,000 after acquiring an additional 100 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new position in shares of Chuy’s Holdings in the 2nd quarter worth about $642,000. 99.85% of the stock is owned by institutional investors and hedge funds.

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.

Get a free copy of the Zacks research report on Chuy’s Holdings (CHUY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Chuy`s Holdings (NASDAQ:CHUY)

Receive News & Ratings for Chuy's Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chuy's Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.