Chuy’s Holdings Inc (NASDAQ:CHUY) – Research analysts at Jefferies Financial Group reduced their FY2018 earnings estimates for shares of Chuy’s in a research note issued to investors on Wednesday, November 7th. Jefferies Financial Group analyst A. Barish now expects that the restaurant operator will post earnings per share of $0.89 for the year, down from their prior forecast of $1.11. Jefferies Financial Group has a “Hold” rating and a $30.00 price target on the stock. Jefferies Financial Group also issued estimates for Chuy’s’ Q4 2018 earnings at $0.12 EPS.
A number of other research analysts have also commented on CHUY. Raymond James lowered shares of Chuy’s from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 17th. They noted that the move was a valuation call. BidaskClub upgraded shares of Chuy’s from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 24th. Zacks Investment Research upgraded shares of Chuy’s from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Monday, August 6th. Wedbush reduced their price target on shares of Chuy’s from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, August 10th. Finally, ValuEngine lowered shares of Chuy’s from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Chuy’s currently has a consensus rating of “Hold” and an average price target of $28.57.
CHUY opened at $20.43 on Friday. The firm has a market cap of $347.57 million, a PE ratio of 21.28, a PEG ratio of 1.30 and a beta of -0.15. Chuy’s has a one year low of $19.70 and a one year high of $34.10.
Chuy’s (NASDAQ:CHUY) last released its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.09). The business had revenue of $101.20 million during the quarter, compared to analysts’ expectations of $104.57 million. Chuy’s had a net margin of 4.53% and a return on equity of 8.47%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share.
In other news, Director Ira L. Zecher sold 1,500 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $27.53, for a total transaction of $41,295.00. Following the completion of the transaction, the director now directly owns 3,774 shares of the company’s stock, valued at $103,898.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC purchased a new position in shares of Chuy’s during the second quarter valued at about $121,000. SG Americas Securities LLC purchased a new position in shares of Chuy’s during the second quarter valued at about $129,000. Louisiana State Employees Retirement System purchased a new position in shares of Chuy’s during the second quarter valued at about $233,000. Municipal Employees Retirement System of Michigan increased its position in shares of 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 valued at $239,000 after buying an additional 1,470 shares during the period. Finally, Sawgrass Asset Management LLC purchased a new position in shares of Chuy’s during the second quarter valued at about $342,000.
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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