Wall Street brokerages expect Chuy's Holdings Inc (NASDAQ:CHUY) to report $95.79 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Chuy's’ earnings, with the highest sales estimate coming in at $97.16 million and the lowest estimate coming in at $94.54 million. Chuy's posted sales of $79.05 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.2%. The company is scheduled to issue its next earnings results on Tuesday, February 27th.

On average, analysts expect that Chuy's will report full-year sales of $95.79 million for the current fiscal year, with estimates ranging from $368.11 million to $370.73 million. For the next financial year, analysts anticipate that the firm will report sales of $406.70 million per share, with estimates ranging from $396.44 million to $413.47 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Chuy's.

Chuy's (NASDAQ:CHUY) last posted its earnings results on Thursday, November 2nd. The restaurant operator reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). The company had revenue of $92.19 million for the quarter, compared to the consensus estimate of $92.90 million. Chuy's had a return on equity of 9.98% and a net margin of 4.37%. Chuy's’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS.

A number of equities research analysts recently weighed in on CHUY shares. BidaskClub cut Chuy's from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. TheStreet raised Chuy's from a “c+” rating to a “b-” rating in a report on Friday, December 15th. Zacks Investment Research raised Chuy's from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Robert W. Baird dropped their price target on Chuy's from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Chuy's in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Chuy's presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Granahan Investment Management Inc. MA increased its stake in shares of Chuy's by 697.5% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 473,828 shares of the restaurant operator’s stock valued at $9,974,000 after buying an additional 414,417 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Chuy's by 7.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 870,210 shares of the restaurant operator’s stock worth $18,318,000 after purchasing an additional 61,444 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Chuy's by 5.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 84,135 shares of the restaurant operator’s stock worth $1,772,000 after purchasing an additional 4,387 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Chuy's by 4,673.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,404 shares of the restaurant operator’s stock worth $636,000 after purchasing an additional 29,767 shares during the last quarter. Finally, Wasatch Advisors Inc. boosted its position in shares of Chuy's by 7.8% in the 3rd quarter. Wasatch Advisors Inc. now owns 1,502,174 shares of the restaurant operator’s stock worth $31,621,000 after purchasing an additional 109,064 shares during the last quarter. 95.55% of the stock is owned by institutional investors.

Chuy's (NASDAQ:CHUY) opened at $28.25 on Thursday. Chuy's has a 52-week low of $18.00 and a 52-week high of $32.90. The company has a market capitalization of $462.59, a P/E ratio of 31.04, a P/E/G ratio of 1.58 and a beta of 0.02.

Chuy's announced that its board has approved a stock buyback plan on Thursday, November 2nd that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the restaurant operator to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

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Chuy's 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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