Shares of Chuy’s Holdings Inc (NASDAQ:CHUY) have earned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $27.57.

CHUY has been the subject of a number of recent analyst reports. Zacks Investment Research cut Chuy’s from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. BidaskClub cut Chuy’s from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Stephens cut Chuy’s from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $34.00 to $32.00 in a report on Wednesday, September 12th. Raymond James cut Chuy’s from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 17th. They noted that the move was a valuation call. Finally, ValuEngine cut Chuy’s from a “buy” rating to a “hold” rating in a report on Friday, August 10th.

CHUY stock traded down $0.77 during midday trading on Wednesday, reaching $24.90. 116,509 shares of the company’s stock traded hands, compared to its average volume of 158,861. Chuy’s has a 1-year low of $20.85 and a 1-year high of $34.10. The stock has a market capitalization of $435.02 million, a price-to-earnings ratio of 25.94, a P/E/G ratio of 1.35 and a beta of -0.25.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings results on Thursday, August 9th. The restaurant operator reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. Chuy’s had a return on equity of 8.32% and a net margin of 7.39%. The firm had revenue of $106.30 million during the quarter, compared to analysts’ expectations of $106.05 million. During the same period last year, the firm posted $0.31 EPS. The business’s revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts forecast that Chuy’s will post 1.09 earnings per share for the current year.

In other Chuy’s news, Director Ira L. Zecher sold 1,500 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $27.53, for a total value of $41,295.00. Following the transaction, the director now directly owns 3,774 shares in the company, valued at approximately $103,898.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Chuy’s by 7.9% in the 2nd quarter. BlackRock Inc. now owns 2,380,861 shares of the restaurant operator’s stock valued at $73,093,000 after buying an additional 174,866 shares during the last quarter. Wasatch Advisors Inc. boosted its position in Chuy’s by 6.3% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,493,400 shares of the restaurant operator’s stock valued at $45,847,000 after buying an additional 88,496 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Chuy’s by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 990,645 shares of the restaurant operator’s stock valued at $30,413,000 after buying an additional 13,842 shares during the last quarter. Macquarie Group Ltd. boosted its position in Chuy’s by 6.8% in the 2nd quarter. Macquarie Group Ltd. now owns 953,055 shares of the restaurant operator’s stock valued at $29,259,000 after buying an additional 60,693 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Chuy’s by 6.1% in the 2nd quarter. Renaissance Technologies LLC now owns 439,700 shares of the restaurant operator’s stock valued at $13,499,000 after buying an additional 25,300 shares during the last quarter.

About Chuy’s

Chuy's Holdings, Inc, through its subsidiaries, owns and operates restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 31, 2017, the company operated 91 Chuy's restaurants in 19 states. Chuy's Holdings, Inc was founded in 1982 and is headquartered in Austin, Texas.

Further Reading: Retained Earnings

Analyst Recommendations for Chuy`s (NASDAQ:CHUY)

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