Chuy’s Holdings Inc. (CHUY) to Post Q3 2016 Earnings of $0.29 Per Share, KeyCorp Forecasts
Chuy’s Holdings Inc. (NASDAQ:CHUY) – KeyCorp cut their Q3 2016 EPS estimates for shares of Chuy’s Holdings in a report released on Sunday. KeyCorp analyst C. O’cull now anticipates that the firm will post earnings per share of $0.29 for the quarter, down from their previous forecast of $0.30.
A number of other research analysts have also recently issued reports on the stock. Robert W. Baird restated a “neutral” rating on shares of Chuy’s Holdings in a report on Thursday, September 8th. BMO Capital Markets restated a “hold” rating and set a $34.00 price objective on shares of Chuy’s Holdings in a report on Wednesday, August 3rd. Wedbush decreased their price objective on shares of Chuy’s Holdings from $38.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, August 3rd. Zacks Investment Research cut shares of Chuy’s Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Finally, Telsey Advisory Group cut shares of Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $38.00 price objective for the company. in a report on Tuesday, July 26th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $34.67.
Chuy’s Holdings (NASDAQ:CHUY) opened at 27.86 on Wednesday. The company has a market cap of $467.88 million, a P/E ratio of 32.36 and a beta of -0.03. The stock’s 50 day moving average is $30.25 and its 200-day moving average is $32.25. Chuy’s Holdings has a 12-month low of $26.92 and a 12-month high of $37.78.
Chuy’s Holdings (NASDAQ:CHUY) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $87.90 million for the quarter, compared to the consensus estimate of $87.45 million. Chuy’s Holdings had a net margin of 4.70% and a return on equity of 12.59%. Chuy’s Holdings’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC acquired a new stake in shares of Chuy’s Holdings during the second quarter worth approximately $112,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Chuy’s Holdings during the second quarter worth approximately $178,000. 1st Global Advisors Inc. acquired a new stake in shares of Chuy’s Holdings during the second quarter worth approximately $220,000. Louisiana State Employees Retirement System acquired a new stake in shares of Chuy’s Holdings during the second quarter worth approximately $253,000. Finally, New York State Teachers Retirement System raised its stake in shares of Chuy’s Holdings by 453.1% in the second quarter. New York State Teachers Retirement System now owns 7,743 shares of the company’s stock worth $268,000 after buying an additional 6,343 shares in the last quarter.
In other news, Director Michael Roger Young sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $33.67, for a total value of $33,670.00. Following the completion of the transaction, the director now owns 862 shares in the company, valued at $29,023.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.00% of the stock is currently owned by insiders.
About Chuy’s Holdings
Chuy’s Holdings, Inc is a full-service restaurant concept company offering a menu of Mexican and Tex Mex inspired food. The Company operates through full-service, casual dining, Mexican food restaurants segment. The Company operates its restaurants under the name Chuy’s. The Company operates approximately 70 Chuy’s restaurants across 14 states.
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