Chuy’s Holdings Inc (CHUY) Receives Average Recommendation of “Hold” from Brokerages

Chuy’s Holdings Inc (NASDAQ:CHUY) has earned an average rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $27.50.

A number of equities analysts recently weighed in on CHUY shares. BidaskClub upgraded shares of Chuy’s from a “hold” rating to a “buy” rating in a research report on Saturday, February 2nd. Zacks Investment Research upgraded shares of Chuy’s from a “strong sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, ValuEngine lowered shares of Chuy’s from a “hold” rating to a “sell” rating in a research report on Monday, February 25th.

Shares of CHUY traded down $0.27 during mid-day trading on Wednesday, reaching $20.58. The stock had a trading volume of 86,865 shares, compared to its average volume of 154,852. The firm has a market cap of $351.64 million, a P/E ratio of 23.39, a PEG ratio of 1.31 and a beta of 0.42. Chuy’s has a 12 month low of $17.03 and a 12 month high of $34.10.

Chuy’s (NASDAQ:CHUY) last posted its quarterly earnings results on Thursday, March 7th. The restaurant operator reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Chuy’s had a return on equity of 7.74% and a net margin of 1.39%. The firm had revenue of $96.84 million during the quarter, compared to the consensus estimate of $98.07 million. Equities research analysts expect that Chuy’s will post 0.92 EPS for the current year.

In related news, Director Ira L. Zecher sold 1,500 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $22.60, for a total transaction of $33,900.00. Following the completion of the transaction, the director now owns 2,237 shares in the company, valued at $50,556.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. 6 Meridian purchased a new stake in Chuy’s during the first quarter valued at $520,000. Geode Capital Management LLC raised its stake in Chuy’s by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 188,447 shares of the restaurant operator’s stock valued at $3,343,000 after purchasing an additional 8,817 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Chuy’s by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,016,579 shares of the restaurant operator’s stock valued at $18,034,000 after purchasing an additional 2,585 shares in the last quarter. Penn Capital Management Co. Inc. raised its stake in Chuy’s by 5.7% during the fourth quarter. Penn Capital Management Co. Inc. now owns 169,854 shares of the restaurant operator’s stock valued at $3,013,000 after purchasing an additional 9,159 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Chuy’s by 69.7% during the fourth quarter. Millennium Management LLC now owns 122,576 shares of the restaurant operator’s stock valued at $2,174,000 after purchasing an additional 50,353 shares in the last quarter.

About Chuy’s

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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Analyst Recommendations for Chuy`s (NASDAQ:CHUY)

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