Chuy’s Holdings Inc (NASDAQ:CHUY) – Jefferies Financial Group lowered their FY2018 EPS estimates for shares of Chuy’s in a report issued on Wednesday, November 7th. Jefferies Financial Group analyst A. Barish now anticipates that the restaurant operator will post earnings per share of $0.89 for the year, down from their previous forecast of $1.11. Jefferies Financial Group currently has a “Hold” rating and a $30.00 price objective on the stock. Jefferies Financial Group also issued estimates for Chuy’s’ Q4 2018 earnings at $0.12 EPS.
Several other brokerages have also weighed in on CHUY. BidaskClub raised Chuy’s from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 24th. Raymond James lowered Chuy’s from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 17th. They noted that the move was a valuation call. Stifel Nicolaus increased their price objective on Chuy’s from $26.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, July 12th. Zacks Investment Research raised Chuy’s from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Monday, August 6th. Finally, Wedbush reduced their price objective on Chuy’s from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.57.
Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.09). Chuy’s had a net margin of 4.53% and a return on equity of 8.47%. The firm had revenue of $101.20 million for the quarter, compared to the consensus estimate of $104.57 million. During the same period last year, the company posted $0.19 earnings per share. Chuy’s’s revenue for the quarter was up 9.8% on a year-over-year basis.
Institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new position in shares of Chuy’s in the second quarter worth $121,000. SG Americas Securities LLC bought a new position in shares of Chuy’s in the second quarter worth $129,000. Louisiana State Employees Retirement System bought a new position in shares of Chuy’s in the second quarter worth $233,000. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Chuy’s by 23.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,810 shares of the restaurant operator’s stock worth $239,000 after acquiring an additional 1,470 shares during the period. Finally, Sawgrass Asset Management LLC bought a new position in shares of Chuy’s in the second quarter worth $342,000.
In other news, Director Ira L. Zecher sold 1,500 shares of the firm’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $27.53, for a total value of $41,295.00. Following the completion of the transaction, the director now directly owns 3,774 shares of the company’s stock, valued at $103,898.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.
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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