Chuy’s (NASDAQ:CHUY) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Chuy’s (NASDAQ:CHUYGet Rating) from a buy rating to a hold rating in a research report report published on Thursday morning.

CHUY has been the topic of several other research reports. Benchmark raised Chuy’s from a hold rating to a buy rating and set a $35.00 price objective on the stock in a report on Tuesday, January 25th. Zacks Investment Research downgraded Chuy’s from a hold rating to a sell rating in a report on Friday, May 6th. Finally, Robert W. Baird raised their price objective on Chuy’s from $28.00 to $31.00 in a report on Friday, February 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $36.17.

Shares of CHUY stock opened at $22.97 on Thursday. The stock’s fifty day moving average price is $25.85 and its two-hundred day moving average price is $28.02. The company has a market cap of $435.05 million, a PE ratio of 15.73 and a beta of 1.81. Chuy’s has a fifty-two week low of $21.68 and a fifty-two week high of $44.50.

Chuy’s (NASDAQ:CHUYGet Rating) last issued its earnings results on Thursday, May 5th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $100.50 million for the quarter, compared to the consensus estimate of $98.35 million. Chuy’s had a return on equity of 13.89% and a net margin of 7.10%. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. Analysts expect that Chuy’s will post 1.4 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Voya Investment Management LLC raised its position in Chuy’s by 1.7% during the 3rd quarter. Voya Investment Management LLC now owns 18,349 shares of the restaurant operator’s stock worth $579,000 after purchasing an additional 308 shares during the last quarter. PNC Financial Services Group Inc. raised its position 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 worth $165,000 after purchasing an additional 311 shares during the last quarter. Swiss National Bank raised its position in Chuy’s by 1.4% during the 3rd quarter. Swiss National Bank now owns 44,100 shares of the restaurant operator’s stock worth $1,390,000 after purchasing an additional 600 shares during the last quarter. California State Teachers Retirement System raised its position in Chuy’s by 2.6% during the 4th quarter. California State Teachers Retirement System now owns 27,712 shares of the restaurant operator’s stock worth $835,000 after purchasing an additional 709 shares during the last quarter. Finally, KBC Group NV raised its position in Chuy’s by 27.2% during the 1st quarter. KBC Group NV now owns 4,154 shares of the restaurant operator’s stock worth $112,000 after purchasing an additional 889 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.

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