Analysts Set Chuy’s Holdings, Inc. (NASDAQ:CHUY) PT at $44.60


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Chuy’s Holdings, Inc. (NASDAQ:CHUY) has earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $44.60.

A number of research analysts recently issued reports on the company. Wedbush lifted their target price on Chuy’s from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday. Stephens reaffirmed an “equal weight” rating on shares of Chuy’s in a report on Tuesday, April 27th. Raymond James downgraded Chuy’s from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 10th. They noted that the move was a valuation call. Zacks Investment Research raised Chuy’s from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Tuesday, March 23rd. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Chuy’s in a report on Sunday, February 21st.

NASDAQ:CHUY traded up $0.03 during midday trading on Thursday, reaching $48.17. The company had a trading volume of 2,794 shares, compared to its average volume of 170,313. The firm has a market capitalization of $960.80 million, a price-to-earnings ratio of -109.34 and a beta of 2.05. The stock’s fifty day simple moving average is $44.74 and its 200-day simple moving average is $33.98. Chuy’s has a 12-month low of $12.37 and a 12-month high of $49.61.

Chuy’s (NASDAQ:CHUY) last released its earnings results on Wednesday, March 3rd. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.05. The firm had revenue of $78.71 million during 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%. Chuy’s’s revenue was down 22.9% compared to the same quarter last year. During the same period last year, the business posted $0.17 earnings per share. As a group, equities research analysts predict that Chuy’s will post 0.72 earnings per share for the current fiscal year.

In related news, CFO Jon W. Howie sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $42.01, for a total value of $420,100.00. Following the sale, the chief financial officer now owns 61,477 shares in the company, valued at approximately $2,582,648.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Steven J. Hislop sold 52,877 shares of the company’s stock in a transaction that occurred on Thursday, April 22nd. The stock was sold at an average price of $46.00, for a total value of $2,432,342.00. Following the completion of the sale, the chief executive officer now owns 161,671 shares in the company, valued at approximately $7,436,866. The disclosure for this sale can be found here. Insiders have sold a total of 156,966 shares of company stock worth $6,970,042 in the last quarter. 2.05% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dorsey Wright & Associates acquired a new stake in shares of Chuy’s in the 1st quarter worth approximately $47,000. Cowa LLC acquired a new stake in shares of Chuy’s in the 4th quarter worth approximately $58,000. Citigroup Inc. grew its holdings in shares of Chuy’s by 291.4% in the 4th quarter. Citigroup Inc. now owns 4,791 shares of the restaurant operator’s stock worth $127,000 after acquiring an additional 3,567 shares during the period. Veracity Capital LLC acquired a new stake in shares of Chuy’s in the 1st quarter worth approximately $269,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Chuy’s in the 4th quarter worth approximately $201,000.

Chuy’s Company Profile

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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Analyst Recommendations for Chuy`s (NASDAQ:CHUY)

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