Chuy’s Holdings, Inc. (NASDAQ:CHUY) Given Average Recommendation of “Hold” by Analysts

Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) have earned a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $33.25.

Several analysts recently issued reports on the company. Wedbush reiterated a “neutral” rating and issued a $37.50 price target (down from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Stephens restated an “equal weight” rating and set a $37.50 target price on shares of Chuy’s in a research note on Monday, August 12th. Jefferies Financial Group downgraded Chuy’s from a “buy” rating to a “hold” rating and lowered their target price for the company from $38.00 to $24.00 in a research note on Thursday, July 11th. Benchmark downgraded Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 target price for the company. in a research note on Monday, August 19th. Finally, StockNews.com began coverage on Chuy’s in a research note on Sunday. They set a “hold” rating for the company.

Hedge Funds Weigh In On Chuy’s

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC boosted its stake in Chuy’s by 13.2% in the first quarter. First Eagle Investment Management LLC now owns 317,179 shares of the restaurant operator’s stock valued at $10,698,000 after acquiring an additional 37,076 shares during the period. Westwood Holdings Group Inc. boosted its stake in Chuy’s by 10.7% in the first quarter. Westwood Holdings Group Inc. now owns 948,060 shares of the restaurant operator’s stock valued at $31,978,000 after acquiring an additional 91,612 shares during the period. Bank of New York Mellon Corp boosted its stake in Chuy’s by 19.4% in the second quarter. Bank of New York Mellon Corp now owns 341,602 shares of the restaurant operator’s stock valued at $8,854,000 after acquiring an additional 55,465 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Chuy’s by 70.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock valued at $90,000 after acquiring an additional 1,096 shares during the period. Finally, Norden Group LLC acquired a new position in Chuy’s in the first quarter valued at approximately $239,000. 99.92% of the stock is currently owned by institutional investors and hedge funds.

Chuy’s Trading Up 0.0 %

Shares of NASDAQ CHUY opened at $37.48 on Wednesday. Chuy’s has a 12-month low of $22.52 and a 12-month high of $39.40. The company has a market cap of $645.78 million, a P/E ratio of 22.18 and a beta of 1.77. The stock has a fifty day moving average price of $37.39 and a 200 day moving average price of $32.62.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings results on Friday, August 9th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. Chuy’s had a return on equity of 13.23% and a net margin of 5.84%. The firm had revenue of $119.80 million during the quarter, compared to the consensus estimate of $120.46 million. On average, sell-side analysts forecast that Chuy’s will post 1.83 EPS for the current fiscal year.

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.