Chuy’s (NASDAQ:CHUY) Reaches New 1-Year Low at $31.01

Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) hit a new 52-week low during trading on Wednesday . The company traded as low as $31.01 and last traded at $31.12, with a volume of 8082 shares traded. The stock had previously closed at $32.13.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wedbush reduced their price objective on Chuy’s from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Piper Sandler reduced their price objective on Chuy’s from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Finally, StockNews.com downgraded Chuy’s from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Chuy’s presently has a consensus rating of “Moderate Buy” and an average price target of $39.71.

Chuy’s Trading Up 0.3 %

The stock has a fifty day moving average price of $33.75 and a 200-day moving average price of $34.52. The firm has a market capitalization of $545.55 million, a price-to-earnings ratio of 18.09 and a beta of 1.63.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Chuy’s had a return on equity of 13.96% and a net margin of 6.83%. The firm had revenue of $116.30 million during the quarter, compared to analysts’ expectations of $116.63 million. During the same period last year, the firm posted $0.27 EPS. The business’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts expect that Chuy’s Holdings, Inc. will post 1.85 EPS for the current year.

Institutional Investors Weigh In On Chuy’s

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky increased its holdings in Chuy’s by 5.6% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 6,270 shares of the restaurant operator’s stock valued at $256,000 after purchasing an additional 330 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Chuy’s by 2.9% in the 3rd quarter. Royal Bank of Canada now owns 12,444 shares of the restaurant operator’s stock valued at $288,000 after buying an additional 351 shares during the period. Swiss National Bank increased its stake in shares of Chuy’s by 1.0% in the 2nd quarter. Swiss National Bank now owns 39,200 shares of the restaurant operator’s stock valued at $1,600,000 after buying an additional 400 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Chuy’s by 11.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,957 shares of the restaurant operator’s stock valued at $141,000 after buying an additional 413 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Chuy’s by 7.4% in the 4th quarter. Sei Investments Co. now owns 6,993 shares of the restaurant operator’s stock valued at $267,000 after buying an additional 480 shares during the period. 99.92% of the stock is owned by institutional investors and hedge funds.

Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in the United States. The company was founded in 1982 and is headquartered in Austin, Texas.