Chuy’s (CHUY) Updates FY 2018 Earnings Guidance

Chuy’s (NASDAQ:CHUY) issued an update on its FY 2018 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.88-0.92 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.09.

NASDAQ CHUY traded up $0.42 on Tuesday, reaching $26.22. The stock had a trading volume of 178,200 shares, compared to its average volume of 139,287. Chuy’s has a 12-month low of $21.10 and a 12-month high of $34.10. The stock has a market cap of $425.02 million, a P/E ratio of 27.31, a P/E/G ratio of 1.32 and a beta of -0.15.

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

CHUY has been the subject of several analyst reports. Stephens cut Chuy’s from an overweight rating to an equal weight rating and cut their price target for the stock from $34.00 to $32.00 in a research note on Wednesday, September 12th. Jefferies Financial Group restated a hold rating and set a $30.00 price target on shares of Chuy’s in a research note on Monday, July 16th. BidaskClub upgraded Chuy’s from a buy rating to a strong-buy rating in a research note on Tuesday, July 24th. Zacks Investment Research cut Chuy’s from a hold rating to a sell rating in a research note on Tuesday, September 11th. Finally, Wedbush cut their price target on Chuy’s from $29.00 to $28.00 and set a neutral rating for the company in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $29.29.

In related 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 transaction, the director now owns 3,774 shares of the company’s stock, valued at $103,898.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

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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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