Chuy’s (CHUY) to Release Quarterly Earnings on Thursday

Chuy’s (NASDAQ:CHUY) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Chuy’s has set its FY24 guidance at $1.82-1.87 EPS and its FY 2024 guidance at 1.820-1.870 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Chuy’s (NASDAQ:CHUY) last issued its earnings results on Thursday, February 22nd. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $116.63 million. During the same quarter last year, the firm earned $0.27 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts expect Chuy’s to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Chuy’s Price Performance

Shares of NASDAQ CHUY opened at $29.92 on Tuesday. Chuy’s has a fifty-two week low of $28.73 and a fifty-two week high of $43.17. The firm has a market capitalization of $515.52 million, a P/E ratio of 17.20 and a beta of 1.68. The company’s 50 day simple moving average is $32.36 and its 200 day simple moving average is $34.04.

Analyst Ratings Changes

A number of research firms have recently weighed in on CHUY. Piper Sandler cut their price target on Chuy’s from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Wedbush reduced their target price on Chuy’s from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Stephens initiated coverage on Chuy’s in a research note on Friday, April 12th. They issued an “overweight” rating and a $40.00 price target for the company. Finally, StockNews.com raised shares of Chuy’s from a “hold” rating to a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Chuy’s presently has an average rating of “Moderate Buy” and an average price target of $39.71.

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.