Chuy’s (NASDAQ:CHUY) Research Coverage Started at Stephens

Investment analysts at Stephens started coverage on shares of Chuy’s (NASDAQ:CHUYGet Rating) in a research report issued on Thursday, The Fly reports. The firm set an “overweight” rating on the restaurant operator’s stock.

A number of other equities research analysts have also recently issued reports on CHUY. StockNews.com upgraded shares of Chuy’s from a “hold” rating to a “buy” rating in a report on Saturday, August 13th. Wedbush decreased their price target on shares of Chuy’s from $37.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, June 24th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $34.80.

Chuy’s Price Performance

Chuy’s stock traded down $0.66 during mid-day trading on Thursday, hitting $22.58. 117,859 shares of the company were exchanged, compared to its average volume of 144,599. Chuy’s has a 12-month low of $18.64 and a 12-month high of $34.93. The business’s 50 day simple moving average is $22.46 and its two-hundred day simple moving average is $23.22. The company has a market capitalization of $427.64 million, a P/E ratio of 17.37 and a beta of 1.73.

Chuy’s (NASDAQ:CHUYGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The restaurant operator reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. Chuy’s had a return on equity of 12.37% and a net margin of 6.16%. The firm had revenue of $110.95 million during the quarter, compared to analyst estimates of $112.07 million. During the same period in the previous year, the company earned $0.62 earnings per share. Chuy’s’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts predict that Chuy’s will post 1.21 earnings per share for the current year.

Hedge Funds Weigh In On Chuy’s

A number of hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors boosted its position in shares of Chuy’s by 171.3% during the 1st quarter. Captrust Financial Advisors now owns 1,210 shares of the restaurant operator’s stock valued at $33,000 after acquiring an additional 764 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Chuy’s during the second quarter worth about $45,000. Point72 Hong Kong Ltd purchased a new position in Chuy’s during the first quarter valued at approximately $68,000. Lazard Asset Management LLC increased its position in shares of Chuy’s by 729.0% in the first quarter. Lazard Asset Management LLC now owns 3,515 shares of the restaurant operator’s stock valued at $94,000 after buying an additional 3,091 shares in the last quarter. Finally, KBC Group NV boosted its stake in Chuy’s by 27.2% during the first quarter. KBC Group NV now owns 4,154 shares of the restaurant operator’s stock worth $112,000 after buying an additional 889 shares during the last quarter. Hedge funds and other institutional investors own 97.80% of the company’s stock.

About Chuy’s

(Get Rating)

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in the United States. As of December 26, 2021, it operated 96 restaurants in 17 states, including the Southeastern and Midwestern United States. The company was founded in 1982 and is headquartered in Austin, Texas.

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