Chuy’s (NASDAQ:CHUY) Coverage Initiated at Stephens

Equities researchers at Stephens assumed coverage on shares of Chuy’s (NASDAQ:CHUY) in a research note issued on Friday, MarketBeat.com reports. The firm set an “overweight” rating and a $40.00 price target on the restaurant operator’s stock. Stephens’ target price points to a potential upside of 26.78% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Wedbush lowered their target price on shares of Chuy’s from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. StockNews.com cut shares of Chuy’s from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Piper Sandler lowered their target price on shares of Chuy’s from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.71.

Chuy’s Stock Up 0.2 %

NASDAQ CHUY opened at $31.55 on Friday. Chuy’s has a 52 week low of $31.01 and a 52 week high of $43.17. The stock has a market capitalization of $546.76 million, a PE ratio of 18.13 and a beta of 1.63. The firm has a 50 day moving average of $33.69 and a two-hundred day moving average of $34.50.

Chuy’s (NASDAQ:CHUY) last posted its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. Chuy’s had a net margin of 6.83% and a return on equity of 13.96%. The company had revenue of $116.30 million during the quarter, compared to analysts’ expectations of $116.63 million. During the same quarter in the previous year, the business posted $0.27 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. On average, equities research analysts expect that Chuy’s will post 1.85 earnings per share for the current fiscal year.

Institutional Trading of Chuy’s

Several institutional investors and hedge funds have recently bought and sold shares of CHUY. US Bancorp DE purchased a new stake in Chuy’s in the 2nd quarter valued at $27,000. Captrust Financial Advisors raised its position in Chuy’s by 171.3% in the 1st quarter. Captrust Financial Advisors now owns 1,210 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 764 shares during the last quarter. Point72 Middle East FZE purchased a new stake in Chuy’s in the 4th quarter valued at $39,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Chuy’s in the 2nd quarter valued at $45,000. Finally, AJOVista LLC purchased a new stake in Chuy’s in the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 99.92% of the company’s stock.

Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in the United States. The company was founded in 1982 and is headquartered in Austin, Texas.