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

Chuy’s Holdings, Inc. (NASDAQ:CHUYGet Rating) has been assigned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $36.40.

A number of equities analysts have recently issued reports on CHUY shares. Zacks Investment Research downgraded Chuy’s from a “hold” rating to a “sell” rating in a research note on Friday. Robert W. Baird increased their target price on Chuy’s from $28.00 to $31.00 in a research note on Friday, February 18th. Benchmark raised Chuy’s from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Tuesday, January 25th. Finally, StockNews.com started coverage on Chuy’s in a research note on Thursday, March 31st. They set a “buy” rating for the company.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. increased its stake in Chuy’s by 0.9% in the 3rd quarter. Macquarie Group Ltd. now owns 953,992 shares of the restaurant operator’s stock valued at $30,079,000 after purchasing an additional 8,284 shares in the last quarter. Tudor Investment Corp Et Al purchased a new position in Chuy’s in the 3rd quarter valued at approximately $752,000. Renaissance Technologies LLC increased its stake in Chuy’s by 8.1% in the 3rd quarter. Renaissance Technologies LLC now owns 309,300 shares of the restaurant operator’s stock valued at $9,752,000 after purchasing an additional 23,200 shares in the last quarter. AGF Investments Inc. increased its stake in Chuy’s by 31.4% in the 3rd quarter. AGF Investments Inc. now owns 230,000 shares of the restaurant operator’s stock valued at $7,252,000 after purchasing an additional 55,000 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new position in Chuy’s in the 4th quarter valued at approximately $1,720,000. 97.56% of the stock is owned by hedge funds and other institutional investors.

CHUY opened at $24.35 on Monday. The firm’s 50 day moving average is $26.53. The stock has a market cap of $461.14 million, a P/E ratio of 16.68 and a beta of 1.81. Chuy’s has a 52 week low of $22.60 and a 52 week high of $49.99.

Chuy’s (NASDAQ:CHUYGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $100.50 million during the quarter, compared to the consensus estimate of $98.35 million. Chuy’s had a return on equity of 13.69% and a net margin of 7.10%. The firm’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 EPS. On average, equities research analysts predict that Chuy’s will post 1.44 EPS for the current year.

Chuy’s Company Profile (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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