Brokerages Set Chuy’s Holdings, Inc. (NASDAQ:CHUY) Price Target at $39.71

Chuy’s Holdings, Inc. (NASDAQ:CHUY) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $39.71.

CHUY has been the topic of a number of recent research reports. Piper Sandler lowered their price objective on Chuy’s from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Stephens initiated coverage on Chuy’s in a research note on Friday, April 12th. They set an “overweight” rating and a $40.00 price objective on the stock. Wedbush lowered their price objective on Chuy’s from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Finally, StockNews.com lowered Chuy’s from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.

Hedge Funds Weigh In On Chuy’s

Several hedge funds and other institutional investors have recently modified their holdings of CHUY. Wakefield Asset Management LLLP acquired a new stake in shares of Chuy’s during the 4th quarter valued at $872,000. WINTON GROUP Ltd boosted its holdings in shares of Chuy’s by 115.3% during the 3rd quarter. WINTON GROUP Ltd now owns 12,071 shares of the restaurant operator’s stock valued at $429,000 after acquiring an additional 6,465 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Chuy’s by 20.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 251,134 shares of the restaurant operator’s stock valued at $8,935,000 after acquiring an additional 42,063 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Chuy’s by 14.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 33,609 shares of the restaurant operator’s stock valued at $1,196,000 after acquiring an additional 4,273 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its holdings in shares of Chuy’s by 69.7% during the 3rd quarter. Congress Asset Management Co. MA now owns 657,436 shares of the restaurant operator’s stock valued at $23,392,000 after acquiring an additional 269,979 shares in the last quarter. Institutional investors own 99.92% of the company’s stock.

Chuy’s Trading Down 0.8 %

Shares of NASDAQ CHUY opened at $30.53 on Friday. The firm has a market cap of $529.08 million, a P/E ratio of 17.55 and a beta of 1.63. Chuy’s has a 1-year low of $30.04 and a 1-year high of $43.17. The business’s 50 day moving average is $33.17 and its 200-day moving average is $34.26.

Chuy’s (NASDAQ:CHUY) last announced its earnings results on Thursday, February 22nd. The restaurant operator reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $116.30 million for the quarter, compared to analyst estimates of $116.63 million. Chuy’s had a return on equity of 13.96% and a net margin of 6.83%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. Analysts forecast that Chuy’s will post 1.85 EPS for the current year.

About Chuy’s

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in the United States. The company was founded in 1982 and is headquartered in Austin, Texas.