Wall Street brokerages expect Chuy’s Holdings, Inc. (NASDAQ:CHUY) to post sales of $82.02 million for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Chuy’s’ earnings, with the lowest sales estimate coming in at $79.10 million and the highest estimate coming in at $84.45 million. Chuy’s reported sales of $94.50 million during the same quarter last year, which indicates a negative year-over-year growth rate of 13.2%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, May 6th.
On average, analysts expect that Chuy’s will report full-year sales of $374.01 million for the current financial year, with estimates ranging from $364.00 million to $382.26 million. For the next fiscal year, analysts forecast that the company will post sales of $430.70 million, with estimates ranging from $423.45 million to $441.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Chuy’s.
Chuy’s (NASDAQ:CHUY) last issued its earnings results on Wednesday, March 3rd. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The firm had revenue of $78.71 million for the quarter, compared to analyst estimates of $76.77 million. Chuy’s had a positive return on equity of 6.19% and a negative net margin of 1.89%. The business’s revenue was down 22.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share.
Several research analysts recently commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Chuy’s in a report on Thursday, April 15th. Robert W. Baird reaffirmed a “hold” rating on shares of Chuy’s in a report on Sunday, February 21st. BMO Capital Markets lowered Chuy’s from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $30.00 to $42.00 in a research note on Thursday, February 25th. They noted that the move was a valuation call. Wedbush raised their target price on Chuy’s from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Stephens reiterated an “equal weight” rating on shares of Chuy’s in a research report on Tuesday, April 27th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Chuy’s presently has an average rating of “Hold” and an average price target of $43.86.
Shares of CHUY traded down $0.08 during trading hours on Thursday, hitting $48.06. The company’s stock had a trading volume of 113,006 shares, compared to its average volume of 169,630. The business has a 50 day simple moving average of $44.83 and a two-hundred day simple moving average of $34.11. Chuy’s has a 52-week low of $12.37 and a 52-week high of $49.61. The company has a market cap of $958.60 million, a price-to-earnings ratio of -109.22 and a beta of 2.05.
In other Chuy’s news, CFO Jon W. Howie sold 938 shares of the business’s stock in a transaction on Monday, March 15th. The stock was sold at an average price of $45.06, for a total value of $42,266.28. Following the sale, the chief financial officer now directly owns 52,897 shares of the company’s stock, valued at $2,383,538.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Starlette B. Johnson sold 7,250 shares of the stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $42.85, for a total value of $310,662.50. Following the completion of the sale, the director now directly owns 13,280 shares in the company, valued at $569,048. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 156,966 shares of company stock worth $6,970,042. 2.05% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its stake in Chuy’s by 2.4% during the 4th quarter. Barclays PLC now owns 28,183 shares of the restaurant operator’s stock valued at $747,000 after purchasing an additional 648 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Chuy’s by 3.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 20,290 shares of the restaurant operator’s stock worth $397,000 after acquiring an additional 730 shares during the last quarter. Dorsey Wright & Associates purchased a new position in Chuy’s in the 1st quarter worth approximately $47,000. Morgan Stanley lifted its position in Chuy’s by 1.9% in the 3rd quarter. Morgan Stanley now owns 60,684 shares of the restaurant operator’s stock valued at $1,189,000 after acquiring an additional 1,147 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in Chuy’s by 17.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,940 shares of the restaurant operator’s stock valued at $210,000 after purchasing an additional 1,176 shares during the last quarter.
Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in 17 states, including the Southeastern and Midwestern United States. As of December 27, 2020, it operated 92 restaurants. The company was founded in 1982 and is headquartered in Austin, Texas.
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