Chuy’s (NASDAQ:CHUY) Receives “Equal Weight” Rating from Stephens

Chuy’s (NASDAQ:CHUY)‘s stock had its “equal weight” rating restated by stock analysts at Stephens in a research note issued on Monday, Benzinga reports. They presently have a $37.50 target price on the restaurant operator’s stock. Stephens’ price objective points to a potential upside of 1.13% from the company’s current price.

CHUY has been the topic of a number of other research reports. Piper Sandler decreased their price objective on Chuy’s from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. StockNews.com started coverage on shares of Chuy’s in a report on Wednesday, August 7th. They set a “hold” rating for the company. Stifel Nicolaus reduced their price objective on shares of Chuy’s from $36.00 to $32.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. Jefferies Financial Group cut shares of Chuy’s from a “buy” rating to a “hold” rating and lowered their target price for the stock from $38.00 to $24.00 in a research note on Thursday, July 11th. Finally, Benchmark reissued a “buy” rating and set a $41.00 price target on shares of Chuy’s in a research note on Thursday, July 18th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Chuy’s currently has a consensus rating of “Hold” and an average target price of $33.83.

Chuy’s Price Performance

Shares of CHUY stock traded up $0.03 during midday trading on Monday, reaching $37.08. 118,138 shares of the company traded hands, compared to its average volume of 210,380. The firm’s 50 day simple moving average is $29.40 and its two-hundred day simple moving average is $30.96. The firm has a market cap of $638.89 million, a PE ratio of 21.94 and a beta of 1.76. Chuy’s has a 1-year low of $22.52 and a 1-year high of $39.40.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings results on Thursday, May 9th. The restaurant operator reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. Chuy’s had a net margin of 6.58% and a return on equity of 13.51%. The business had revenue of $110.50 million for the quarter, compared to analyst estimates of $111.67 million. During the same period in the prior year, the business earned $0.47 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, research analysts anticipate that Chuy’s will post 1.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chuy’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHUY. Nisa Investment Advisors LLC lifted its holdings in shares of Chuy’s by 85.0% during 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 in the last quarter. AJOVista LLC purchased a new position in shares of Chuy’s during the 4th quarter valued at approximately $53,000. Lazard Asset Management LLC grew its position in shares of Chuy’s by 607.2% during the first quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock worth $82,000 after buying an additional 2,107 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Chuy’s by 70.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock worth $90,000 after buying an additional 1,096 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Chuy’s in the fourth quarter worth $162,000. 99.92% of the stock is currently owned by institutional investors and hedge funds.

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.