According to Zacks, “Chuy’s Holdings, Inc. owns and operates full-service restaurants serving a distinct menu of authentic Mexican food. The Company offers menu which includes appetizers, soups and salads, tacos, burritos, enchiladas, fajitas and combination platters. It operates chains throughout Texas, Alabama, Indiana, Kentucky, and Tennessee. Chuy’s Holdings, Inc. is headquartered in Austin, Texas. “
Several other equities analysts also recently issued reports on the stock. Stifel Nicolaus downgraded shares of Chuy’s Holdings from a buy rating to a hold rating and decreased their price objective for the company from $45.00 to $32.00 in a research note on Tuesday, July 26th. Wedbush decreased their target price on shares of Chuy’s Holdings from $38.00 to $34.00 and set an outperform rating for the company in a research note on Wednesday, August 3rd. TheStreet downgraded shares of Chuy’s Holdings from a buy rating to a hold rating in a research note on Thursday, September 29th. Robert W. Baird reiterated a neutral rating on shares of Chuy’s Holdings in a research note on Thursday, September 8th. Finally, Telsey Advisory Group downgraded shares of Chuy’s Holdings from an outperform rating to a market perform rating and set a $38.00 target price for the company. in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $34.67.
Shares of Chuy’s Holdings (NASDAQ:CHUY) traded up 0.11% during trading on Tuesday, reaching $27.18. The company had a trading volume of 3,000 shares. The firm has a 50-day moving average of $29.43 and a 200 day moving average of $32.10. Chuy’s Holdings has a 1-year low of $26.78 and a 1-year high of $37.78. The firm has a market capitalization of $456.46 million and a PE ratio of 31.57.
Chuy’s Holdings (NASDAQ:CHUY) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Chuy’s Holdings had a net margin of 4.70% and a return on equity of 12.59%. The company earned $87.90 million during the quarter, compared to the consensus estimate of $87.45 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. Chuy’s Holdings’s revenue for the quarter was up 16.6% on a year-over-year basis. Analysts expect that Chuy’s Holdings will post $1.08 earnings per share for the current year.
In related news, Director Michael Roger Young sold 1,000 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $33.67, for a total transaction of $33,670.00. Following the completion of the transaction, the director now directly owns 862 shares of the company’s stock, valued at $29,023.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System purchased a new position in Chuy’s Holdings during the second quarter valued at about $253,000. Bank of Montreal Can purchased a new position in Chuy’s Holdings during the second quarter valued at about $426,000. New York State Teachers Retirement System boosted its position in Chuy’s Holdings by 453.1% in the second quarter. New York State Teachers Retirement System now owns 7,743 shares of the company’s stock valued at $268,000 after buying an additional 6,343 shares in the last quarter. 1st Global Advisors Inc. purchased a new position in Chuy’s Holdings during the second quarter valued at about $220,000. Finally, GW&K Investment Management LLC boosted its position in Chuy’s Holdings by 11.4% in the second quarter. GW&K Investment Management LLC now owns 131,869 shares of the company’s stock valued at $4,564,000 after buying an additional 13,461 shares in the last quarter.
About Chuy’s Holdings
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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