Equities research analysts forecast that Chuy’s Holdings Inc (NASDAQ:CHUY) will report sales of $97.97 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Chuy’s’ earnings, with the highest sales estimate coming in at $99.24 million and the lowest estimate coming in at $96.94 million. Chuy’s reported sales of $96.02 million during the same quarter last year, which would suggest a positive year over year growth rate of 2%. The business is scheduled to report its next quarterly earnings results on Thursday, March 14th.

According to Zacks, analysts expect that Chuy’s will report full year sales of $399.33 million for the current financial year, with estimates ranging from $398.30 million to $400.60 million. For the next year, analysts forecast that the firm will report sales of $428.63 million, with estimates ranging from $423.16 million to $434.99 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Chuy’s.

Chuy’s (NASDAQ:CHUY) last issued its earnings results on Tuesday, November 6th. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.09). The firm had revenue of $101.20 million during the quarter, compared to analysts’ expectations of $104.57 million. Chuy’s had a return on equity of 8.48% and a net margin of 4.53%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business earned $0.19 EPS.

A number of brokerages recently issued reports on CHUY. Wedbush reduced their target price on Chuy’s from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, August 10th. Stephens lowered Chuy’s from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $34.00 to $32.00 in a research note on Wednesday, September 12th. BidaskClub upgraded Chuy’s from a “hold” rating to a “buy” rating in a research note on Saturday, October 13th. ValuEngine lowered Chuy’s from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Finally, Stifel Nicolaus reduced their price objective on Chuy’s from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, October 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Chuy’s currently has a consensus rating of “Hold” and an average price target of $28.57.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC purchased a new position in shares of Chuy’s in the 2nd quarter valued at about $121,000. SG Americas Securities LLC purchased a new position in shares of Chuy’s in the 2nd quarter valued at about $129,000. Louisiana State Employees Retirement System purchased a new position in shares of Chuy’s in the 2nd quarter valued at about $233,000. Municipal Employees Retirement System of Michigan increased its stake in shares of Chuy’s by 23.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,810 shares of the restaurant operator’s stock valued at $239,000 after purchasing an additional 1,470 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new position in shares of Chuy’s in the 3rd quarter valued at about $292,000.

CHUY stock traded up $0.01 during midday trading on Friday, reaching $21.53. The stock had a trading volume of 5,601 shares, compared to its average volume of 227,565. The firm has a market capitalization of $364.77 million, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 1.38 and a beta of -0.15. Chuy’s has a 52-week low of $19.70 and a 52-week high of $34.10.

Chuy’s Company Profile

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.

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Earnings History and Estimates for Chuy`s (NASDAQ:CHUY)

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