Chuy’s (NASDAQ:CHUY) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Chuy’s (NASDAQ:CHUY) in a research report released on Sunday morning. The firm issued a hold rating on the restaurant operator’s stock.

CHUY has been the subject of a number of other reports. Wedbush reiterated a “neutral” rating and issued a $37.50 target price (down from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Jefferies Financial Group cut Chuy’s from a “buy” rating to a “hold” rating and cut their target price for the company from $38.00 to $24.00 in a research report on Thursday, July 11th. Benchmark cut Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price objective on the stock. in a research report on Monday, August 19th. Finally, Stephens reissued an “equal weight” rating and issued a $37.50 price objective on shares of Chuy’s in a research report on Monday, August 12th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $33.25.

Chuy’s Price Performance

CHUY stock opened at $37.48 on Friday. The stock has a market capitalization of $645.78 million, a price-to-earnings ratio of 22.18 and a beta of 1.77. The business’s fifty day moving average price is $37.39 and its two-hundred day moving average price is $32.66. Chuy’s has a fifty-two week low of $22.52 and a fifty-two week high of $39.40.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings data on Friday, August 9th. The restaurant operator reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.01. The business had revenue of $119.80 million for the quarter, compared to analyst estimates of $120.46 million. Chuy’s had a return on equity of 13.23% and a net margin of 5.84%. Research analysts expect that Chuy’s will post 1.83 EPS for the current year.

Institutional Trading of Chuy’s

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Westwood Holdings Group Inc. grew its position in Chuy’s by 27.2% during the second quarter. Westwood Holdings Group Inc. now owns 1,206,181 shares of the restaurant operator’s stock worth $31,264,000 after buying an additional 258,121 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Chuy’s by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 907,918 shares of the restaurant operator’s stock worth $23,533,000 after buying an additional 32,142 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Chuy’s by 20.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 382,479 shares of the restaurant operator’s stock worth $9,914,000 after purchasing an additional 65,300 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Chuy’s by 19.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 341,602 shares of the restaurant operator’s stock worth $8,854,000 after purchasing an additional 55,465 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Chuy’s by 52.6% in the 2nd quarter. Millennium Management LLC now owns 256,375 shares of the restaurant operator’s stock worth $6,645,000 after purchasing an additional 88,406 shares in the last quarter. 99.92% of the stock is currently owned by institutional investors.

About Chuy’s

Chuy’s Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy’s name in the United States. The company was founded in 1982 and is headquartered in Austin, Texas.