Chuy’s (NASDAQ:CHUY) Research Coverage Started at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Chuy’s (NASDAQ:CHUY) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the restaurant operator’s stock.

A number of other equities research analysts have also recently issued reports on the company. Stephens restated an “equal weight” rating and issued a $37.50 price objective on shares of Chuy’s in a research note on Monday, August 12th. Wedbush reiterated a “neutral” rating and issued a $37.50 target price (down previously from $38.00) on shares of Chuy’s in a research note on Monday, July 22nd. Jefferies Financial Group cut shares of Chuy’s from a “buy” rating to a “hold” rating and dropped their price target for the company from $38.00 to $24.00 in a research note on Thursday, July 11th. Finally, Benchmark lowered shares of Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price objective for the company. in a research note on Monday, August 19th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $33.25.

Chuy’s Price Performance

Chuy’s stock opened at $37.48 on Friday. The firm has a 50 day moving average price of $37.34 and a 200-day moving average price of $32.29. Chuy’s has a twelve month low of $22.52 and a twelve month high of $39.40. The company has a market capitalization of $645.78 million, a P/E ratio of 22.18 and a beta of 1.77.

Chuy’s (NASDAQ:CHUY) last announced 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 during 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%. Equities analysts expect that Chuy’s will post 1.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CHUY. Nisa Investment Advisors LLC raised its stake in Chuy’s by 85.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 466 shares in the last quarter. Quarry LP purchased a new stake in shares of Chuy’s during the 2nd quarter valued at $36,000. Lazard Asset Management LLC lifted its holdings in shares of Chuy’s by 607.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock worth $82,000 after acquiring an additional 2,107 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Chuy’s by 70.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock worth $90,000 after acquiring an additional 1,096 shares in the last quarter. Finally, Point72 DIFC Ltd increased its stake in Chuy’s by 257.8% in the second quarter. Point72 DIFC Ltd now owns 4,129 shares of the restaurant operator’s stock valued at $107,000 after acquiring an additional 2,975 shares during the last quarter. Institutional investors own 99.92% of the company’s stock.

Chuy’s Company Profile

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.