Q3 2022 Earnings Estimate for Chuy’s Holdings, Inc. (NASDAQ:CHUY) Issued By Jefferies Financial Group

Chuy’s Holdings, Inc. (NASDAQ:CHUYGet Rating) – Jefferies Financial Group lifted their Q3 2022 earnings per share estimates for shares of Chuy’s in a research report issued on Friday, May 6th. Jefferies Financial Group analyst A. Barish now forecasts that the restaurant operator will earn $0.31 per share for the quarter, up from their prior estimate of $0.27. Jefferies Financial Group also issued estimates for Chuy’s’ Q4 2022 earnings at $0.32 EPS, Q1 2023 earnings at $0.34 EPS, Q2 2023 earnings at $0.53 EPS, Q3 2023 earnings at $0.45 EPS and Q4 2023 earnings at $0.40 EPS.

Chuy’s (NASDAQ:CHUYGet Rating) last released its quarterly earnings results on Thursday, May 5th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. Chuy’s had a net margin of 7.10% and a return on equity of 13.69%. The firm had revenue of $100.50 million during the quarter, compared to analyst estimates of $98.35 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year.

Several other equities research analysts have also commented on CHUY. Benchmark raised shares of Chuy’s from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Tuesday, January 25th. Zacks Investment Research lowered shares of Chuy’s from a “hold” rating to a “sell” rating in a research report on Friday. StockNews.com started coverage on shares of Chuy’s in a report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Robert W. Baird increased their target price on shares of Chuy’s from $28.00 to $31.00 in a report on Friday, February 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Chuy’s presently has an average rating of “Buy” and an average price target of $36.17.

NASDAQ CHUY opened at $24.35 on Monday. Chuy’s has a 52 week low of $22.60 and a 52 week high of $49.99. The stock has a market cap of $461.14 million, a price-to-earnings ratio of 16.68 and a beta of 1.81. The company’s 50-day simple moving average is $26.53.

Institutional investors and hedge funds have recently made changes to their positions in the business. KBC Group NV grew its holdings in Chuy’s by 27.2% during the 1st quarter. KBC Group NV now owns 4,154 shares of the restaurant operator’s stock valued at $112,000 after buying an additional 889 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Chuy’s during the 3rd quarter valued at approximately $140,000. PNC Financial Services Group Inc. grew its holdings in Chuy’s by 6.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,279 shares of the restaurant operator’s stock valued at $165,000 after buying an additional 311 shares in the last quarter. Marshall Wace LLP purchased a new stake in Chuy’s during the 3rd quarter valued at approximately $246,000. Finally, Royal Bank of Canada boosted its position in shares of Chuy’s by 14.0% during the 3rd quarter. Royal Bank of Canada now owns 8,867 shares of the restaurant operator’s stock valued at $280,000 after acquiring an additional 1,090 shares during the last quarter. 97.56% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

Earnings History and Estimates for Chuy's (NASDAQ:CHUY)

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