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

Analysts forecast that Chuy’s Holdings Inc (NASDAQ:CHUY) will post $108.59 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Chuy’s’ earnings, with the highest sales estimate coming in at $109.24 million and the lowest estimate coming in at $108.09 million. Chuy’s posted sales of $101.18 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.3%. The company is scheduled to report its next 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 company will report 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 analysts that follow Chuy’s.

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

CHUY has been the topic of several analyst reports. Wedbush reiterated a “hold” rating and set a $24.00 target price on shares of Chuy’s in a research report on Friday, August 9th. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 target price (up from $23.00) on shares of Chuy’s in a research report on Friday, August 9th. BMO Capital Markets lifted their target price on Chuy’s from $18.00 to $19.00 and gave the company an “underperform” rating in a research report on Friday, August 9th. Zacks Investment Research upgraded Chuy’s from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Monday, August 5th. Finally, BidaskClub upgraded Chuy’s from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.80.

NASDAQ CHUY traded up $0.36 on Tuesday, hitting $25.89. 69,785 shares of the company traded hands, compared to its average volume of 104,978. The company has a market capitalization of $423.96 million, a price-to-earnings ratio of 29.42, a P/E/G ratio of 1.54 and a beta of 0.16. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average price is $24.67 and its 200-day moving average price is $22.63. Chuy’s has a 52-week low of $17.03 and a 52-week high of $28.70.

A number of large investors have recently bought and sold shares of the business. Factorial Partners LLC bought a new stake in Chuy’s during the second quarter valued at about $138,000. D. E. Shaw & Co. Inc. raised its holdings in Chuy’s by 90.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 220,052 shares of the restaurant operator’s stock valued at $5,044,000 after acquiring an additional 104,497 shares during the period. Morgan Stanley raised its holdings in Chuy’s by 74.4% during the second quarter. Morgan Stanley now owns 83,248 shares of the restaurant operator’s stock valued at $1,908,000 after acquiring an additional 35,504 shares during the period. Bank of America Corp DE raised its holdings in Chuy’s by 10.7% during the second quarter. Bank of America Corp DE now owns 131,036 shares of the restaurant operator’s stock valued at $3,003,000 after acquiring an additional 12,622 shares during the period. Finally, Marshall Wace North America L.P. raised its holdings in Chuy’s by 23.5% during the second quarter. Marshall Wace North America L.P. now owns 103,022 shares of the restaurant operator’s stock valued at $2,362,000 after acquiring an additional 19,596 shares during the period.

Chuy’s Company Profile

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.

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

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