$108.59 Million in Sales Expected for Chuy’s Holdings Inc (NASDAQ:CHUY) This Quarter

Equities analysts expect Chuy’s Holdings Inc (NASDAQ:CHUY) to report $108.59 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Chuy’s’ earnings. The lowest sales estimate is $108.09 million and the highest is $109.24 million. Chuy’s reported sales of $101.18 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.3%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that Chuy’s will report full-year sales of $427.42 million for the current year, with estimates ranging from $425.75 million to $429.85 million. For the next year, analysts expect that the firm will post sales of $458.67 million, with estimates ranging from $456.99 million to $461.21 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Chuy’s.

Chuy’s (NASDAQ:CHUY) last issued its earnings results on Thursday, August 8th. The restaurant operator reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.05. Chuy’s had a return on equity of 8.21% and a net margin of 1.30%. The firm had revenue of $113.10 million during the quarter, compared to the consensus estimate of $111.77 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis.

Several analysts recently commented on CHUY shares. BMO Capital Markets increased their target price on shares of Chuy’s from $18.00 to $19.00 and gave the company an “underperform” rating in a research note on Friday, August 9th. Wedbush reiterated a “hold” rating and set a $24.00 price target on shares of Chuy’s in a research report on Friday, August 9th. BidaskClub downgraded Chuy’s from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded Chuy’s from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Monday, August 5th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 price target (up previously from $23.00) on shares of Chuy’s in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Chuy’s currently has an average rating of “Hold” and an average target price of $26.00.

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new stake in shares of Chuy’s during the 2nd quarter worth about $42,000. Quantamental Technologies LLC purchased a new stake in shares of Chuy’s in the first quarter worth approximately $65,000. BNP Paribas Arbitrage SA raised its holdings in shares of Chuy’s by 1,962.7% in the first quarter. BNP Paribas Arbitrage SA now owns 3,486 shares of the restaurant operator’s stock worth $79,000 after buying an additional 3,317 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Chuy’s during the 4th quarter worth $85,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in Chuy’s by 397.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,012 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 4,803 shares during the period.

CHUY stock traded down $0.61 on Friday, hitting $24.18. 2,258 shares of the company’s stock traded hands, compared to its average volume of 178,605. Chuy’s has a 1-year low of $17.03 and a 1-year high of $29.95. The stock has a market cap of $408.35 million, a price-to-earnings ratio of 27.63, a P/E/G ratio of 1.48 and a beta of 0.15. The stock has a fifty day moving average of $23.70 and a 200-day moving average of $22.39. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 1.09.

About Chuy’s

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 30, 2018, it operated 100 restaurants. The company was founded in 1982 and is headquartered in Austin, Texas.

See Also: How to read a candlestick chart

Get a free copy of the Zacks research report on Chuy’s (CHUY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Chuy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chuy's and related companies with MarketBeat.com's FREE daily email newsletter.