Chuy’s Holdings Inc. (CHUY) Trading Down 1.6%
Chuy’s Holdings Inc. (NASDAQ:CHUY) shares traded down 1.6% on Tuesday . The stock traded as low as $29.76 and last traded at $30.03, with a volume of 159,875 shares traded. The stock had previously closed at $30.53.
Several research analysts have recently commented on the company. BMO Capital Markets reiterated a “hold” rating and issued a $34.00 target price on shares of Chuy’s Holdings in a report on Wednesday, August 3rd. Wedbush decreased their target price on Chuy’s Holdings from $38.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, August 3rd. Zacks Investment Research lowered Chuy’s Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Telsey Advisory Group lowered Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a report on Tuesday, July 26th. Finally, Stifel Nicolaus lowered Chuy’s Holdings from a “buy” rating to a “hold” rating and decreased their target price for the company from $45.00 to $32.00 in a report on Tuesday, July 26th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Chuy’s Holdings presently has a consensus rating of “Hold” and an average price target of $34.67.
The stock has a market cap of $508.52 million and a price-to-earnings ratio of 35.17. The company has a 50 day moving average of $33.74 and a 200 day moving average of $32.71.
Chuy’s Holdings (NASDAQ:CHUY) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The company earned $87.90 million during the quarter, compared to analyst estimates of $87.45 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities research analysts expect that Chuy’s Holdings Inc. will post $1.08 earnings per share for the current fiscal year.
In other Chuy’s Holdings news, Director Michael Roger Young sold 2,000 shares of the business’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $35.00, for a total value of $70,000.00. Following the completion of the transaction, the director now directly owns 862 shares of the company’s stock, valued at $30,170. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Steven J. Hislop sold 6,295 shares of the business’s stock in a transaction dated Tuesday, June 28th. The stock was sold at an average price of $34.04, for a total transaction of $214,281.80. Following the completion of the transaction, the chief executive officer now directly owns 121,500 shares of the company’s stock, valued at $4,135,860. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in Chuy’s Holdings stock. Employees Retirement System of Texas acquired a new position in shares of Chuy’s Holdings Inc. (NASDAQ:CHUY) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 36,000 shares of the company’s stock, valued at approximately $1,128,000. Employees Retirement System of Texas owned approximately 0.22% of Chuy’s Holdings as of its most recent filing with the SEC.
Chuy’s Holdings, Inc is a full-service restaurant concept company offering a menu of Mexican and Tex Mex inspired food. The Company operates through full-service, casual dining, Mexican food restaurants segment. The Company operates its restaurants under the name Chuy’s. The Company operates approximately 70 Chuy’s restaurants across 14 states.
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