Chuy’s (NASDAQ:CHUY) Earns Overweight Rating from Analysts at Stephens

Equities researchers at Stephens began coverage on shares of Chuy’s (NASDAQ:CHUY) in a research note issued on Friday, MarketBeat.com reports. The firm set an “overweight” rating and a $40.00 price target on the restaurant operator’s stock. Stephens’ price objective suggests a potential upside of 26.78% from the company’s previous close.

CHUY has been the topic of several other research reports. Piper Sandler reduced their target price on shares of Chuy’s from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. StockNews.com lowered shares of Chuy’s from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Wedbush reduced their target price on shares of Chuy’s from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Four research 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.71.

Chuy’s Stock Up 0.2 %

Shares of NASDAQ CHUY opened at $31.55 on Friday. Chuy’s has a 52-week low of $31.01 and a 52-week high of $43.17. The firm has a fifty day moving average of $33.69 and a 200-day moving average of $34.50. The stock has a market capitalization of $546.76 million, a PE ratio of 18.13 and a beta of 1.63.

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

Hedge Funds Weigh In On Chuy’s

A number of institutional investors have recently added to or reduced their stakes in the company. Congress Asset Management Co. MA raised its stake in shares of Chuy’s by 29.9% in the 1st quarter. Congress Asset Management Co. MA now owns 946,167 shares of the restaurant operator’s stock valued at $31,914,000 after purchasing an additional 217,838 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Chuy’s in the 4th quarter valued at about $791,000. Vanguard Group Inc. raised its stake in shares of Chuy’s by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 1,265,718 shares of the restaurant operator’s stock valued at $48,388,000 after purchasing an additional 25,512 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Chuy’s by 4.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,965 shares of the restaurant operator’s stock valued at $1,184,000 after purchasing an additional 1,191 shares in the last quarter. Finally, Townsquare Capital LLC raised its stake in shares of Chuy’s by 24.7% in the 4th quarter. Townsquare Capital LLC now owns 23,826 shares of the restaurant operator’s stock valued at $911,000 after purchasing an additional 4,715 shares in the last quarter. Institutional investors and hedge funds own 99.92% of the company’s stock.

About Chuy’s

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.