Chuy’s Holdings, Inc. (NASDAQ:CHUY – Get Free Report) gapped down before the market opened on Friday after Wedbush lowered their price target on the stock from $41.00 to $38.00. The stock had previously closed at $33.25, but opened at $32.00. Wedbush currently has an outperform rating on the stock. Chuy’s shares last traded at $32.80, with a volume of 50,653 shares.
CHUY has been the topic of several other reports. Stephens lowered their price objective on shares of Chuy’s from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. StockNews.com cut shares of Chuy’s from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Piper Sandler lowered their target price on Chuy’s from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, November 21st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.29.
Institutional Trading of Chuy’s
A number of hedge funds and other institutional investors have recently modified their holdings of CHUY. Raymond James Financial Services Advisors Inc. increased its position in shares of Chuy’s by 23.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,642 shares of the restaurant operator’s stock worth $260,000 after acquiring an additional 1,824 shares during the last quarter. American Century Companies Inc. increased its position in shares of Chuy’s by 43.6% during the first quarter. American Century Companies Inc. now owns 67,624 shares of the restaurant operator’s stock worth $1,826,000 after acquiring an additional 20,533 shares during the last quarter. Citigroup Inc. increased its position in shares of Chuy’s by 17.9% during the first quarter. Citigroup Inc. now owns 18,020 shares of the restaurant operator’s stock worth $487,000 after acquiring an additional 2,730 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Chuy’s by 35.8% in the first quarter. PNC Financial Services Group Inc. now owns 6,953 shares of the restaurant operator’s stock worth $188,000 after purchasing an additional 1,832 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in Chuy’s by 58.1% during the first quarter. MetLife Investment Management LLC now owns 13,075 shares of the restaurant operator’s stock valued at $353,000 after buying an additional 4,803 shares in the last quarter. 99.92% of the stock is owned by hedge funds and other institutional investors.
Chuy’s Stock Down 0.4 %
The company has a 50 day simple moving average of $35.27 and a 200-day simple moving average of $35.45. The stock has a market cap of $574.81 million, a price-to-earnings ratio of 21.18 and a beta of 1.65.
Chuy’s (NASDAQ:CHUY – Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.07. Chuy’s had a return on equity of 12.88% and a net margin of 6.35%. The firm had revenue of $116.30 million for the quarter, compared to analysts’ expectations of $116.63 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Chuy’s’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that Chuy’s Holdings, Inc. will post 1.9 EPS for the current fiscal year.
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.