Chuy’s (CHUY) Releases FY18 Earnings Guidance

Chuy’s (NASDAQ:CHUY) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $0.88-0.92 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.09. Chuy’s also updated its FY 2018 guidance to $0.88-0.92 EPS.

Several research analysts have weighed in on the company. BidaskClub upgraded Chuy’s from a buy rating to a strong-buy rating in a report on Tuesday, July 24th. Raymond James downgraded Chuy’s from an outperform rating to a market perform rating in a report on Tuesday, July 17th. They noted that the move was a valuation call. Jefferies Financial Group reiterated a hold rating and issued a $30.00 price target on shares of Chuy’s in a report on Monday, July 16th. Stifel Nicolaus boosted their price target on Chuy’s from $26.00 to $31.00 and gave the company a hold rating in a report on Thursday, July 12th. Finally, Zacks Investment Research downgraded Chuy’s from a hold rating to a sell rating in a report on Tuesday, July 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $29.29.

CHUY traded up $0.42 during trading on Tuesday, hitting $26.22. The company’s stock had a trading volume of 178,200 shares, compared to its average volume of 139,287. The company has a market capitalization of $425.02 million, a PE ratio of 27.31, a price-to-earnings-growth ratio of 1.32 and a beta of -0.15. Chuy’s has a twelve month low of $21.10 and a twelve month high of $34.10.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings results on Thursday, August 9th. The restaurant operator reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The company had revenue of $106.30 million during the quarter, compared to the consensus estimate of $106.05 million. Chuy’s had a return on equity of 8.32% and a net margin of 7.39%. Chuy’s’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 EPS. As a group, research analysts anticipate that Chuy’s will post 1.09 earnings per share for the current year.

In other news, Director Ira L. Zecher sold 1,500 shares of the company’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $27.53, for a total transaction of $41,295.00. Following the completion of the sale, the director now directly owns 3,774 shares in the company, valued at approximately $103,898.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

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Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 31, 2017, the company operated 91 Chuy's restaurants in 19 states. Chuy's Holdings, Inc was founded in 1982 and is headquartered in Austin, Texas.

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Earnings History and Estimates for Chuy`s (NASDAQ:CHUY)

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