Chuy’s Holdings, Inc. (NASDAQ:CHUY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY – Get Rating) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $35.50.

Several analysts have issued reports on the stock. CL King assumed coverage on shares of Chuy’s in a report on Tuesday, December 20th. They issued a “neutral” rating on the stock. Robert W. Baird raised their price target on Chuy’s from $28.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, February 17th. Wedbush upped their price objective on Chuy’s from $37.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, February 17th. StockNews.com assumed coverage on shares of Chuy’s in a research note on Thursday. They issued a “buy” rating for the company. Finally, Stephens lifted their price target on shares of Chuy’s from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, February 17th.

Chuy’s Trading Up 2.5 %

CHUY stock opened at $35.75 on Friday. The company has a market cap of $643.50 million, a price-to-earnings ratio of 32.21 and a beta of 1.73. The firm has a 50 day moving average of $34.29 and a 200-day moving average of $29.78. Chuy’s has a 12-month low of $18.64 and a 12-month high of $39.96.

Chuy’s (NASDAQ:CHUY – Get Rating) last posted its earnings results on Thursday, February 16th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The company had revenue of $104.10 million for the quarter, compared to the consensus estimate of $102.94 million. Chuy’s had a return on equity of 10.35% and a net margin of 4.94%. Chuy’s’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 earnings per share. Sell-side analysts forecast that Chuy’s will post 1.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chuy’s

Large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Chuy’s by 2.3% during the first quarter. BlackRock Inc. now owns 3,238,429 shares of the restaurant operator’s stock worth $87,438,000 after buying an additional 73,665 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Chuy’s by 0.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,706,310 shares of the restaurant operator’s stock valued at $76,589,000 after purchasing an additional 10,774 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Chuy’s by 4.3% during the second quarter. Macquarie Group Ltd. now owns 936,022 shares of the restaurant operator’s stock worth $18,646,000 after purchasing an additional 38,718 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Chuy’s by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 870,044 shares of the restaurant operator’s stock worth $23,491,000 after buying an additional 21,917 shares during the period. Finally, State Street Corp grew its stake in shares of Chuy’s by 0.3% in the second quarter. State Street Corp now owns 674,959 shares of the restaurant operator’s stock valued at $13,445,000 after buying an additional 2,072 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Chuy’s Company Profile

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Chuy’s Holdings, Inc engages in the ownership and operation of full-service restaurants serving a distinct menu of authentic Mexican and Tex-Mex inspired food. Its menu includes enchiladas, fajitas, rellenos, tacos, burritos, combination platters and daily specials, complemented by a variety of appetizers, soups, and salads.