Other equities research analysts also recently issued reports about the company. Stifel Nicolaus downgraded 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 report on Tuesday, July 26th. BMO Capital Markets reaffirmed a hold rating and set a $34.00 price objective on shares of Chuy’s Holdings in a report on Wednesday, August 3rd. Zacks Investment Research downgraded Chuy’s Holdings from a buy rating to a hold rating in a report on Thursday, July 28th. Telsey Advisory Group downgraded Chuy’s Holdings from an outperform rating to a market perform rating and set a $38.00 price objective on the stock. in a report on Tuesday, July 26th. Finally, Robert W. Baird reiterated a neutral rating on shares of Chuy’s Holdings in a research note on Thursday, September 8th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $34.67.
Chuy’s Holdings (NASDAQ:CHUY) traded up 0.29% during midday trading on Thursday, hitting $27.94. The stock had a trading volume of 179,055 shares. Chuy’s Holdings has a one year low of $26.92 and a one year high of $37.78. The stock’s 50-day moving average is $30.09 and its 200-day moving average is $32.21. The company has a market cap of $469.22 million, a P/E ratio of 32.45 and a beta of -0.03.
Chuy’s Holdings (NASDAQ:CHUY) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $87.90 million for the quarter, compared to the consensus estimate of $87.45 million. Chuy’s Holdings had a return on equity of 12.59% and a net margin of 4.70%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 earnings per share. Equities analysts predict that Chuy’s Holdings will post $1.08 EPS for the current fiscal year.
In related news, Director Michael Roger Young sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $34.09, for a total value of $34,090.00. Following the completion of the transaction, the director now owns 862 shares in the company, valued at approximately $29,385.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of CHUY. BlackRock Fund Advisors boosted its position in Chuy’s Holdings by 153.9% in the second quarter. BlackRock Fund Advisors now owns 1,089,554 shares of the company’s stock valued at $37,709,000 after buying an additional 660,502 shares during the period. Westfield Capital Management Co. LP bought a new position in Chuy’s Holdings during the second quarter valued at $12,538,000. Hancock Holding Co. bought a new position in Chuy’s Holdings during the first quarter valued at $7,925,000. Macquarie Group Ltd. boosted its position in Chuy’s Holdings by 217.8% in the second quarter. Macquarie Group Ltd. now owns 327,729 shares of the company’s stock valued at $11,343,000 after buying an additional 224,600 shares during the period. Finally, Henderson Group PLC boosted its position in Chuy’s Holdings by 57.8% in the second quarter. Henderson Group PLC now owns 544,553 shares of the company’s stock valued at $18,847,000 after buying an additional 199,372 shares during the period.
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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