Chuy’s (NASDAQ:CHUY) Announces Earnings Results, Beats Estimates By $0.04 EPS

Chuy’s (NASDAQ:CHUYGet Rating) issued its quarterly earnings results on Thursday. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04, MarketWatch Earnings reports. The firm had revenue of $100.50 million for the quarter, compared to analyst estimates of $98.35 million. Chuy’s had a net margin of 7.61% and a return on equity of 14.62%. Chuy’s’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the company posted $0.42 EPS.

CHUY stock traded up $0.16 during midday trading on Friday, hitting $24.35. The company’s stock had a trading volume of 117,874 shares, compared to its average volume of 127,294. Chuy’s has a 52-week low of $22.60 and a 52-week high of $49.99. The firm has a market capitalization of $461.19 million, a P/E ratio of 16.68 and a beta of 1.81. The firm has a 50-day simple moving average of $26.53 and a 200-day simple moving average of $28.26.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Chuy’s by 2.3% in the fourth quarter. BlackRock Inc. now owns 3,164,764 shares of the restaurant operator’s stock valued at $95,322,000 after purchasing an additional 70,562 shares during the period. State Street Corp boosted its holdings in shares of Chuy’s by 3.6% in the 4th quarter. State Street Corp now owns 659,343 shares of the restaurant operator’s stock valued at $19,859,000 after buying an additional 22,930 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Chuy’s by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 347,522 shares of the restaurant operator’s stock valued at $10,467,000 after buying an additional 1,820 shares during the period. Morgan Stanley boosted its stake in Chuy’s by 90.6% during the 3rd quarter. Morgan Stanley now owns 240,857 shares of the restaurant operator’s stock valued at $7,592,000 after purchasing an additional 114,468 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Chuy’s by 11.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 222,869 shares of the restaurant operator’s stock worth $7,027,000 after buying an additional 22,346 shares in the last quarter. 97.56% of the stock is owned by institutional investors and hedge funds.

CHUY has been the topic of a number of research reports. Zacks Investment Research lowered shares of Chuy’s from a “hold” rating to a “sell” rating in a research note on Friday. StockNews.com initiated coverage on shares of Chuy’s in a report on Thursday, March 31st. They set a “buy” rating for the company. Robert W. Baird raised their price target on shares of Chuy’s from $28.00 to $31.00 in a report on Friday, February 18th. Finally, Benchmark upgraded shares of Chuy’s from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Tuesday, January 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $36.17.

About Chuy’s (Get Rating)

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in the United States. As of December 26, 2021, it operated 96 restaurants in 17 states, including the Southeastern and Midwestern United States. The company was founded in 1982 and is headquartered in Austin, Texas.

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Earnings History for Chuy's (NASDAQ:CHUY)

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