Chuy’s (NASDAQ:CHUY) Sets New 1-Year Low at $30.43

Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) hit a new 52-week low during trading on Tuesday . The stock traded as low as $30.43 and last traded at $30.43, with a volume of 2554 shares. The stock had previously closed at $30.98.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CHUY. Piper Sandler decreased their price objective on shares of Chuy’s from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Stephens began coverage on shares of Chuy’s in a report on Friday, April 12th. They set an “overweight” rating and a $40.00 target price on the stock. StockNews.com lowered shares of Chuy’s from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Wedbush reduced their target price on shares of Chuy’s from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Chuy’s presently has a consensus rating of “Moderate Buy” and an average price target of $39.71.

Chuy’s Stock Performance

The stock’s 50-day simple moving average is $33.50 and its 200 day simple moving average is $34.39. The company has a market capitalization of $525.45 million, a PE ratio of 17.43 and a beta of 1.63.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.45 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $116.63 million. During the same period in the prior year, the firm posted $0.27 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, analysts expect that Chuy’s Holdings, Inc. will post 1.85 earnings per share for the current year.

Institutional Investors Weigh In On Chuy’s

Large investors have recently modified their holdings of the company. Wakefield Asset Management LLLP purchased a new stake in shares of Chuy’s in the 4th quarter valued at approximately $872,000. WINTON GROUP Ltd grew its position in shares of Chuy’s by 115.3% in the 3rd quarter. WINTON GROUP Ltd now owns 12,071 shares of the restaurant operator’s stock valued at $429,000 after buying an additional 6,465 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of Chuy’s by 20.1% in the 3rd quarter. First Eagle Investment Management LLC now owns 251,134 shares of the restaurant operator’s stock valued at $8,935,000 after buying an additional 42,063 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Chuy’s by 14.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 33,609 shares of the restaurant operator’s stock valued at $1,196,000 after buying an additional 4,273 shares during the last quarter. Finally, Congress Asset Management Co. MA grew its position in shares of Chuy’s by 69.7% in the 3rd quarter. Congress Asset Management Co. MA now owns 657,436 shares of the restaurant operator’s stock valued at $23,392,000 after buying an additional 269,979 shares during the last quarter. 99.92% of the stock is owned by hedge funds and other institutional investors.

About Chuy’s

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.