Chuy’s (NASDAQ:CHUY) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Chuy’s (NASDAQ:CHUY) in a research note issued to investors on Monday. The firm issued a hold rating on the restaurant operator’s stock.

Several other research analysts have also recently commented on CHUY. Benchmark cut shares of Chuy’s from a buy rating to a hold rating and set a $37.50 target price for the company. in a research report on Monday, August 19th. Jefferies Financial Group cut shares of Chuy’s from a buy rating to a hold rating and decreased their target price for the stock from $38.00 to $24.00 in a research report on Thursday, July 11th. Stephens reiterated an equal weight rating and issued a $37.50 price objective on shares of Chuy’s in a report on Monday, August 12th. Finally, Wedbush reiterated a neutral rating and issued a $37.50 price objective (down from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $33.25.

Chuy’s Trading Down 0.1 %

NASDAQ CHUY opened at $37.34 on Monday. Chuy’s has a 52 week low of $22.52 and a 52 week high of $39.40. The stock has a market cap of $643.37 million, a price-to-earnings ratio of 22.09 and a beta of 1.77. The company has a 50-day moving average price of $35.89 and a two-hundred day moving average price of $31.56.

Chuy’s (NASDAQ:CHUY) last posted its earnings results on Friday, August 9th. The restaurant operator reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. Chuy’s had a net margin of 5.84% and a return on equity of 13.23%. The firm had revenue of $119.80 million during the quarter, compared to analysts’ expectations of $120.46 million. As a group, equities research analysts expect that Chuy’s will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Eagle Investment Management LLC lifted its stake in Chuy’s by 13.2% during the first quarter. First Eagle Investment Management LLC now owns 317,179 shares of the restaurant operator’s stock valued at $10,698,000 after purchasing an additional 37,076 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in Chuy’s by 10.7% during the first quarter. Westwood Holdings Group Inc. now owns 948,060 shares of the restaurant operator’s stock valued at $31,978,000 after purchasing an additional 91,612 shares during the last quarter. Wasatch Advisors LP lifted its stake in Chuy’s by 16.9% during the fourth quarter. Wasatch Advisors LP now owns 262,297 shares of the restaurant operator’s stock valued at $10,028,000 after purchasing an additional 37,920 shares during the last quarter. Congress Asset Management Co. MA lifted its stake in Chuy’s by 29.9% during the first quarter. Congress Asset Management Co. MA now owns 946,167 shares of the restaurant operator’s stock valued at $31,914,000 after purchasing an additional 217,838 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Chuy’s by 19.4% during the second quarter. Bank of New York Mellon Corp now owns 341,602 shares of the restaurant operator’s stock valued at $8,854,000 after purchasing an additional 55,465 shares during the last quarter. 99.92% of the stock is currently owned by institutional investors.

Chuy’s Company Profile

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.