$112.04 Million in Sales Expected for Chuy’s Holdings, Inc. (NASDAQ:CHUY) This Quarter

Equities analysts expect that Chuy’s Holdings, Inc. (NASDAQ:CHUY – Get Rating) will post sales of $112.04 million for the current quarter, according to Zacks. Four analysts have issued estimates for Chuy’s’ earnings. The highest sales estimate is $113.23 million and the lowest is $110.58 million. Chuy’s posted sales of $108.15 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.6%. The firm is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Chuy’s will report full year sales of $431.80 million for the current year, with estimates ranging from $424.19 million to $438.50 million. For the next fiscal year, analysts anticipate that the firm will post sales of $474.77 million, with estimates ranging from $469.18 million to $484.41 million. Zacks’ sales averages are an average based on a survey of analysts that cover Chuy’s.

Chuy’s (NASDAQ:CHUY – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Chuy’s had a return on equity of 13.89% and a net margin of 7.10%. The company had revenue of $100.50 million for the quarter, compared to analysts’ expectations of $98.35 million. During the same period in the previous year, the firm posted $0.42 EPS. Chuy’s’s revenue was up 14.6% compared to the same quarter last year.

CHUY has been the topic of several research analyst reports. Zacks Investment Research upgraded Chuy’s from a “sell” rating to a “hold” rating in a report on Friday. StockNews.com lowered shares of Chuy’s from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, Robert W. Baird raised their target price on shares of Chuy’s from $28.00 to $31.00 in a research note on Friday, February 18th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $36.17.

Hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its position in shares of Chuy’s by 171.3% during the 1st quarter. Captrust Financial Advisors now owns 1,210 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 764 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Chuy’s in the 1st quarter valued at approximately $68,000. Lazard Asset Management LLC increased its holdings in Chuy’s by 729.0% in the 1st quarter. Lazard Asset Management LLC now owns 3,515 shares of the restaurant operator’s stock valued at $94,000 after purchasing an additional 3,091 shares during the last quarter. KBC Group NV increased its holdings in Chuy’s by 27.2% in the 1st quarter. KBC Group NV now owns 4,154 shares of the restaurant operator’s stock valued at $112,000 after purchasing an additional 889 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Chuy’s by 35.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,953 shares of the restaurant operator’s stock valued at $188,000 after purchasing an additional 1,832 shares during the last quarter. 97.56% of the stock is currently owned by hedge funds and other institutional investors.

CHUY stock opened at $22.76 on Friday. Chuy’s has a 12-month low of $19.45 and a 12-month high of $44.50. The stock has a market cap of $431.03 million, a price-to-earnings ratio of 15.59 and a beta of 1.81. The business’s 50-day moving average is $24.64 and its 200 day moving average is $27.32.

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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