Chuy’s (NASDAQ:CHUY) Sets New 1-Year Low at $29.96

Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $29.96 and last traded at $30.18, with a volume of 4278 shares changing hands. The stock had previously closed at $30.53.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CHUY. Stephens started coverage on Chuy’s in a research note on Friday, April 12th. They set an “overweight” rating and a $40.00 price target on the stock. StockNews.com downgraded Chuy’s from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Piper Sandler dropped their price target on Chuy’s from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Finally, Wedbush decreased their price objective on shares of Chuy’s from $41.00 to $38.00 and set an “outperform” rating on the stock in a research 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. According to MarketBeat, Chuy’s currently has a consensus rating of “Moderate Buy” and an average price target of $39.71.

Chuy’s Stock Up 1.2 %

The business has a 50 day moving average of $33.02 and a 200 day moving average of $34.21. The firm has a market cap of $525.62 million, a price-to-earnings ratio of 17.43 and a beta of 1.63.

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

Institutional Investors Weigh In On Chuy’s

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Congress Asset Management Co. MA boosted its stake in Chuy’s by 29.9% in the 1st quarter. Congress Asset Management Co. MA now owns 946,167 shares of the restaurant operator’s stock worth $31,914,000 after buying an additional 217,838 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Chuy’s by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 897,008 shares of the restaurant operator’s stock valued at $34,293,000 after purchasing an additional 13,295 shares during the period. Westwood Holdings Group Inc. increased its position in Chuy’s by 1.8% during the fourth quarter. Westwood Holdings Group Inc. now owns 856,448 shares of the restaurant operator’s stock worth $32,742,000 after purchasing an additional 15,137 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Chuy’s by 4.2% during the third quarter. Bank of New York Mellon Corp now owns 321,878 shares of the restaurant operator’s stock worth $11,452,000 after purchasing an additional 13,033 shares during the period. Finally, Wasatch Advisors LP raised its stake in Chuy’s by 19.6% during the first quarter. Wasatch Advisors LP now owns 313,649 shares of the restaurant operator’s stock worth $10,579,000 after purchasing an additional 51,352 shares during the period. Hedge funds and other institutional investors own 99.92% of the company’s stock.

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.