Chuy’s (CHUY) Issues Quarterly Earnings Results

Chuy’s (NASDAQ:CHUY) announced its quarterly earnings results on Tuesday. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.09), Briefing.com reports. The firm had revenue of $101.20 million during the quarter, compared to the consensus estimate of $104.57 million. Chuy’s had a return on equity of 8.32% and a net margin of 7.39%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS. Chuy’s updated its FY 2018 guidance to $0.88-0.92 EPS and its FY18 guidance to $0.88-0.92 EPS.

Shares of CHUY stock traded down $5.71 during trading hours on Wednesday, reaching $20.51. The company had a trading volume of 991,218 shares, compared to its average volume of 143,287. Chuy’s has a 12 month low of $20.02 and a 12 month high of $34.10. The firm has a market capitalization of $425.02 million, a PE ratio of 21.36, a P/E/G ratio of 1.32 and a beta of -0.15.

A number of research analysts have recently weighed in on CHUY shares. Raymond James restated a “buy” rating on shares of Chuy’s in a report on Monday, August 13th. BidaskClub lowered Chuy’s from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 11th. Telsey Advisory Group dropped their target price on Chuy’s from $29.00 to $24.00 and set a “market perform” rating on the stock in a report on Wednesday. Stifel Nicolaus raised their target price 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 lowered Chuy’s from a “buy” rating to a “hold” rating in a report on Monday, August 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.57.

In other news, Director Ira L. Zecher sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $27.53, for a total value of $41,295.00. Following the transaction, the director now owns 3,774 shares in the company, valued at $103,898.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC bought a new stake in Chuy’s during the second quarter worth $121,000. SG Americas Securities LLC bought a new stake in Chuy’s during the second quarter worth $129,000. Louisiana State Employees Retirement System bought a new stake in Chuy’s during the second quarter worth $233,000. Municipal Employees Retirement System of Michigan lifted its holdings in Chuy’s by 23.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,810 shares of the restaurant operator’s stock worth $239,000 after acquiring an additional 1,470 shares during the period. Finally, Sawgrass Asset Management LLC bought a new stake in Chuy’s during the second quarter worth $342,000.

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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 for Chuy`s (NASDAQ:CHUY)

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