Chuy’s (NASDAQ:CHUY) Given New $46.00 Price Target at Wedbush

Chuy’s (NASDAQ:CHUY – Get Rating) had its price objective boosted by Wedbush from $41.00 to $46.00 in a research note issued to investors on Wednesday morning, The Fly reports.

CHUY has been the subject of several other reports. Stephens lifted their price target on Chuy’s from $37.00 to $38.00 in a research report on Friday, May 5th. TheStreet upgraded Chuy’s from a c+ rating to a b rating in a research report on Thursday, May 18th. Stifel Nicolaus lifted their price target on Chuy’s from $36.00 to $37.00 in a research report on Tuesday. Robert W. Baird lifted their price target on Chuy’s from $33.00 to $37.00 in a research note on Friday, May 5th. Finally, StockNews.com started coverage on Chuy’s in a report on Thursday, May 18th. They issued a buy rating on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Chuy’s has a consensus rating of Moderate Buy and an average target price of $37.60.

Chuy’s Price Performance

NASDAQ:CHUY opened at $37.43 on Wednesday. The business has a fifty day simple moving average of $35.51 and a two-hundred day simple moving average of $33.56. Chuy’s has a 1 year low of $18.64 and a 1 year high of $39.96. The company has a market capitalization of $678.23 million, a P/E ratio of 29.47 and a beta of 1.72.

Chuy’s (NASDAQ:CHUY – Get Rating) last released its earnings results on Thursday, May 4th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10. Chuy’s had a return on equity of 11.11% and a net margin of 5.43%. The business had revenue of $112.50 million during the quarter, compared to the consensus estimate of $110.32 million. During the same period last year, the business posted $0.34 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, analysts anticipate that Chuy’s will post 1.75 earnings per share for the current year.

Institutional Investors Weigh In On Chuy’s

A number of institutional investors and hedge funds have recently bought and sold shares of CHUY. BlackRock Inc. increased its holdings in shares of Chuy’s by 2.3% in the first quarter. BlackRock Inc. now owns 3,238,429 shares of the restaurant operator’s stock worth $87,438,000 after purchasing an additional 73,665 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Chuy’s by 0.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,706,310 shares of the restaurant operator’s stock worth $76,589,000 after buying an additional 10,774 shares in the last quarter. Macquarie Group Ltd. raised its stake in Chuy’s by 4.3% in the second quarter. Macquarie Group Ltd. now owns 936,022 shares of the restaurant operator’s stock worth $18,646,000 after buying an additional 38,718 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Chuy’s by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 904,707 shares of the restaurant operator’s stock worth $32,433,000 after purchasing an additional 14,839 shares in the last quarter. Finally, State Street Corp increased its position in shares of Chuy’s by 0.3% during the second quarter. State Street Corp now owns 674,959 shares of the restaurant operator’s stock worth $13,445,000 after purchasing an additional 2,072 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

Chuy’s Company Profile

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Chuy’s Holdings, Inc engages in the ownership and operation of full-service restaurants serving a distinct menu of authentic Mexican and Tex-Mex inspired food. Its menu includes enchiladas, fajitas, rellenos, tacos, burritos, combination platters and daily specials, complemented by a variety of appetizers, soups, and salads.