Chuy’s (NASDAQ:CHUY) Upgraded at Zacks Investment Research

Chuy’s (NASDAQ:CHUYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday, Zacks.com reports.

According to Zacks, “Chuy’s Holdings, Inc. owns and operates full-service restaurants serving a distinct menu of authentic Mexican food. The Company offers menu which includes appetizers, soups and salads, tacos, burritos, enchiladas, fajitas and combination platters. It operates chains throughout Texas, Alabama, Indiana, Kentucky, and Tennessee. Chuy’s Holdings, Inc. is headquartered in Austin, Texas. “

Several other brokerages have also commented on CHUY. StockNews.com lowered Chuy’s from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Robert W. Baird boosted their price objective on Chuy’s from $28.00 to $31.00 in a report on Friday, February 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $36.17.

NASDAQ CHUY traded up $0.62 on Friday, reaching $22.76. 135,746 shares of the company were exchanged, compared to its average volume of 161,915. The business’s fifty day moving average price is $24.74 and its 200 day moving average price is $27.44. The stock has a market capitalization of $431.03 million, a P/E ratio of 15.59 and a beta of 1.81. Chuy’s has a fifty-two week low of $19.45 and a fifty-two week high of $44.50.

Chuy’s (NASDAQ:CHUYGet Rating) last released its quarterly earnings data on Thursday, May 5th. The restaurant operator reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $100.50 million for the quarter, compared to analyst estimates of $98.35 million. Chuy’s had a return on equity of 13.89% and a net margin of 7.10%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 earnings per share. Research analysts anticipate that Chuy’s will post 1.4 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP grew its position in shares of Chuy’s by 98.1% during the fourth quarter. GSA Capital Partners LLP now owns 40,651 shares of the restaurant operator’s stock worth $1,224,000 after buying an additional 20,133 shares in the last quarter. Timelo Investment Management Inc. purchased a new stake in Chuy’s during the fourth quarter worth approximately $904,000. Macquarie Group Ltd. lifted its stake in Chuy’s by 0.9% during the third quarter. Macquarie Group Ltd. now owns 953,992 shares of the restaurant operator’s stock worth $30,079,000 after purchasing an additional 8,284 shares during the last quarter. Tudor Investment Corp Et Al purchased a new stake in Chuy’s during the third quarter worth approximately $752,000. Finally, Renaissance Technologies LLC lifted its stake in Chuy’s by 8.1% during the third quarter. Renaissance Technologies LLC now owns 309,300 shares of the restaurant operator’s stock worth $9,752,000 after purchasing an additional 23,200 shares during the last quarter. 97.56% of the stock is owned by institutional investors and hedge funds.

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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