FY2018 EPS Estimates for Chuy’s Holdings Inc Cut by Wedbush (NASDAQ:CHUY)

Chuy’s Holdings Inc (NASDAQ:CHUY) – Investment analysts at Wedbush dropped their FY2018 earnings estimates for Chuy’s in a report released on Tuesday, November 6th, according to Zacks Investment Research. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings per share of $0.89 for the year, down from their previous forecast of $1.09. Wedbush currently has a “Neutral” rating and a $28.00 price objective on the stock. Wedbush also issued estimates for Chuy’s’ Q1 2019 earnings at $0.19 EPS and Q3 2019 earnings at $0.19 EPS.

Chuy’s (NASDAQ:CHUY) last posted its quarterly earnings results on Tuesday, November 6th. The restaurant operator reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.09). The business had revenue of $101.20 million for the quarter, compared to the consensus estimate of $104.57 million. Chuy’s had a net margin of 4.53% and a return on equity of 8.48%. Chuy’s’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share.

A number of other equities research analysts have also recently commented on the company. BidaskClub raised Chuy’s from a “hold” rating to a “buy” rating in a report on Friday, November 23rd. TheStreet cut Chuy’s from a “b-” rating to a “c” rating in a report on Wednesday, November 7th. ValuEngine cut Chuy’s from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Telsey Advisory Group reduced their target price on Chuy’s from $29.00 to $24.00 and set a “market perform” rating on the stock in a report on Wednesday, November 7th. Finally, Stifel Nicolaus reduced their target price on Chuy’s from $31.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, October 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $28.57.

NASDAQ:CHUY traded up $0.21 on Friday, reaching $21.61. 101,900 shares of the company’s stock traded hands, compared to its average volume of 148,708. The stock has a market cap of $362.74 million, a PE ratio of 22.51, a P/E/G ratio of 1.37 and a beta of -0.14. Chuy’s has a 12 month low of $19.70 and a 12 month high of $34.10.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in Chuy’s by 3.0% during the third quarter. BlackRock Inc. now owns 2,453,104 shares of the restaurant operator’s stock worth $64,395,000 after acquiring an additional 72,243 shares during the last quarter. Wasatch Advisors Inc. lifted its holdings in Chuy’s by 24.7% during the third quarter. Wasatch Advisors Inc. now owns 1,862,250 shares of the restaurant operator’s stock worth $48,884,000 after buying an additional 368,850 shares during the period. Vanguard Group Inc. lifted its holdings in Chuy’s by 4.0% during the third quarter. Vanguard Group Inc. now owns 1,015,808 shares of the restaurant operator’s stock worth $26,665,000 after buying an additional 39,358 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Chuy’s by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,013,994 shares of the restaurant operator’s stock worth $26,617,000 after buying an additional 23,349 shares during the period. Finally, Macquarie Group Ltd. lifted its holdings in Chuy’s by 4.4% during the third quarter. Macquarie Group Ltd. now owns 995,154 shares of the restaurant operator’s stock worth $26,123,000 after buying an additional 42,099 shares during the period.

Chuy’s Company Profile

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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Earnings History and Estimates for Chuy`s (NASDAQ:CHUY)

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