Chuy’s’ (CHUY) “Equal Weight” Rating Reiterated at Stephens

Stephens reiterated their equal weight rating on shares of Chuy’s (NASDAQ:CHUY) in a report released on Friday morning, MarketBeat reports. They currently have a $37.50 price objective on the restaurant operator’s stock, up from their previous price objective of $36.00.

Several other brokerages have also commented on CHUY. Piper Sandler dropped their price objective on Chuy’s from $35.00 to $31.00 and set a neutral rating on the stock in a report on Monday, May 13th. StockNews.com lowered shares of Chuy’s from a buy rating to a hold rating in a report on Saturday, May 11th. Wedbush reaffirmed an outperform rating and set a $38.00 price objective on shares of Chuy’s in a report on Friday, May 10th. Benchmark reiterated a buy rating and issued a $41.00 target price on shares of Chuy’s in a research report on Thursday. Finally, Jefferies Financial Group downgraded shares of Chuy’s from a buy rating to a hold rating and reduced their price target for the stock from $38.00 to $24.00 in a research report on Thursday, July 11th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $34.79.

Chuy’s Stock Down 0.7 %

Shares of CHUY stock opened at $37.08 on Friday. The stock has a market cap of $638.89 million, a PE ratio of 21.94 and a beta of 1.76. The business has a 50-day simple moving average of $26.33 and a 200-day simple moving average of $30.63. Chuy’s has a 52-week low of $22.52 and a 52-week high of $42.89.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings data on Thursday, May 9th. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. Chuy’s had a return on equity of 13.51% and a net margin of 6.58%. The business had revenue of $110.50 million during the quarter, compared to analysts’ expectations of $111.67 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Sell-side analysts anticipate that Chuy’s will post 1.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chuy’s

Several hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its holdings in Chuy’s by 85.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 466 shares during the last quarter. AJOVista LLC acquired a new stake in shares of Chuy’s during the 4th quarter worth about $53,000. Lazard Asset Management LLC increased its position in shares of Chuy’s by 607.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock worth $82,000 after purchasing an additional 2,107 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Chuy’s by 70.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock valued at $90,000 after buying an additional 1,096 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Chuy’s in the second quarter valued at about $133,000. 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.