Chuy’s (NASDAQ:CHUY) Sets New 1-Year Low at $30.43

Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $30.43 and last traded at $30.43, with a volume of 2554 shares trading hands. The stock had previously closed at $30.98.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Stephens assumed coverage on shares of Chuy’s in a report on Friday, April 12th. They set an “overweight” rating and a $40.00 price objective on the stock. StockNews.com lowered shares of Chuy’s from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Wedbush cut their price target on shares of Chuy’s from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Finally, Piper Sandler cut their price target on shares of Chuy’s from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.71.

Chuy’s Stock Down 1.7 %

The company’s 50 day moving average price is $33.50 and its 200 day moving average price is $34.39. The firm has a market capitalization of $525.45 million, a price-to-earnings ratio of 17.43 and a beta of 1.63.

Chuy’s (NASDAQ:CHUY) last posted its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. Chuy’s had a net margin of 6.83% and a return on equity of 13.96%. The business had revenue of $116.30 million during the quarter, compared to the consensus estimate of $116.63 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, analysts expect that Chuy’s Holdings, Inc. will post 1.85 earnings per share for the current year.

Institutional Investors Weigh In On Chuy’s

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Chuy’s by 2.3% during the first quarter. BlackRock Inc. now owns 3,238,429 shares of the restaurant operator’s stock worth $87,438,000 after buying an additional 73,665 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Chuy’s by 0.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,706,310 shares of the restaurant operator’s stock worth $76,589,000 after buying an additional 10,774 shares during the period. Vanguard Group Inc. lifted its position in Chuy’s by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 1,265,718 shares of the restaurant operator’s stock valued at $48,388,000 after purchasing an additional 25,512 shares during the period. Congress Asset Management Co. MA lifted its position in Chuy’s by 29.9% during the first quarter. Congress Asset Management Co. MA now owns 946,167 shares of the restaurant operator’s stock valued at $31,914,000 after purchasing an additional 217,838 shares during the period. Finally, Macquarie Group Ltd. lifted its position in Chuy’s by 4.3% during the second quarter. Macquarie Group Ltd. now owns 936,022 shares of the restaurant operator’s stock valued at $18,646,000 after purchasing an additional 38,718 shares during the period. 99.92% of the stock is currently owned by institutional investors and hedge funds.

Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in the United States. The company was founded in 1982 and is headquartered in Austin, Texas.