Chuy’s Holdings, Inc. (NASDAQ:CHUY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) have received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $39.71.

CHUY has been the subject of a number of recent analyst reports. Piper Sandler cut their price target 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. Wedbush lowered their price objective on shares of Chuy’s from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. StockNews.com cut shares of Chuy’s from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Stephens assumed coverage on shares of Chuy’s in a research report on Friday, April 12th. They set an “overweight” rating and a $40.00 price objective for the company.

Chuy’s Price Performance

Shares of NASDAQ CHUY opened at $30.59 on Friday. The company has a 50 day simple moving average of $33.32 and a 200-day simple moving average of $34.33. The company has a market capitalization of $530.28 million, a P/E ratio of 17.58 and a beta of 1.63. Chuy’s has a 1 year low of $30.04 and a 1 year high of $43.17.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.45 earnings per share (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 business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 EPS. As a group, research analysts expect that Chuy’s will post 1.85 EPS for the current year.

Institutional Investors Weigh In On Chuy’s

Several institutional investors have recently modified their holdings of CHUY. Norden Group LLC acquired a new stake in Chuy’s during the 1st quarter worth $239,000. Wasatch Advisors LP raised its stake in Chuy’s by 19.6% during the 1st quarter. Wasatch Advisors LP now owns 313,649 shares of the restaurant operator’s stock worth $10,579,000 after acquiring an additional 51,352 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Chuy’s by 70.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock worth $90,000 after acquiring an additional 1,096 shares in the last quarter. Congress Wealth Management LLC DE raised its stake in Chuy’s by 25.4% during the 1st quarter. Congress Wealth Management LLC DE now owns 134,078 shares of the restaurant operator’s stock worth $4,522,000 after acquiring an additional 27,182 shares in the last quarter. Finally, Congress Asset Management Co. MA raised its stake in Chuy’s by 29.9% during the 1st quarter. Congress Asset Management Co. MA now owns 946,167 shares of the restaurant operator’s stock worth $31,914,000 after acquiring an additional 217,838 shares in the last quarter. 99.92% of the stock is owned by hedge funds and other institutional investors.

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.