Chuy’s (NASDAQ:CHUY) Reaches New 1-Year Low at $31.01

Chuy’s Holdings, Inc. (NASDAQ:CHUY)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $31.01 and last traded at $31.12, with a volume of 8082 shares. The stock had previously closed at $32.13.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CHUY shares. Piper Sandler dropped their price target on Chuy’s from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Wedbush dropped their price target on Chuy’s from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Finally, StockNews.com cut Chuy’s from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.71.

Chuy’s Trading Down 2.6 %

The stock has a 50 day simple moving average of $33.87 and a 200 day simple moving average of $34.56. The stock has a market cap of $542.08 million, a P/E ratio of 18.47 and a beta of 1.63.

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

Hedge Funds Weigh In On Chuy’s

Hedge funds have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky increased its stake in shares of Chuy’s by 5.6% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 6,270 shares of the restaurant operator’s stock valued at $256,000 after purchasing an additional 330 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Chuy’s by 2.9% in the 3rd quarter. Royal Bank of Canada now owns 12,444 shares of the restaurant operator’s stock valued at $288,000 after purchasing an additional 351 shares during the last quarter. Swiss National Bank increased its stake in shares of Chuy’s by 1.0% in the 2nd quarter. Swiss National Bank now owns 39,200 shares of the restaurant operator’s stock valued at $1,600,000 after purchasing an additional 400 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Chuy’s by 11.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,957 shares of the restaurant operator’s stock valued at $141,000 after purchasing an additional 413 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Chuy’s by 7.4% in the 4th quarter. Sei Investments Co. now owns 6,993 shares of the restaurant operator’s stock valued at $267,000 after purchasing an additional 480 shares during the last quarter. Institutional investors own 99.92% of the company’s stock.

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.