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

Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) have received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $39.71.

Several analysts have recently issued reports on the company. Piper Sandler decreased their price objective on Chuy’s from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. StockNews.com cut Chuy’s from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Stephens assumed coverage on Chuy’s in a report on Friday, April 12th. They set an “overweight” rating and a $40.00 price objective on the stock. Finally, Wedbush decreased their price objective on Chuy’s from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd.

Chuy’s Trading Down 0.8 %

NASDAQ CHUY opened at $30.53 on Friday. The stock’s 50 day moving average is $33.17 and its 200 day moving average is $34.26. Chuy’s has a 12 month low of $30.04 and a 12 month high of $43.17. The stock has a market cap of $529.08 million, a PE ratio of 17.55 and a beta of 1.63.

Chuy’s (NASDAQ:CHUY) last posted its quarterly earnings results 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 company had revenue of $116.30 million for the quarter, compared to analysts’ expectations of $116.63 million. During the same period in the previous year, the firm earned $0.27 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, analysts forecast that Chuy’s will post 1.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Chuy’s

Several large investors have recently modified their holdings of the stock. AJOVista LLC bought a new position in Chuy’s in the 4th quarter valued at $53,000. Allspring Global Investments Holdings LLC grew its position in Chuy’s by 70.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock valued at $90,000 after acquiring an additional 1,096 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Chuy’s by 57.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,347 shares of the restaurant operator’s stock valued at $155,000 after acquiring an additional 1,583 shares during the last quarter. Quest Partners LLC bought a new position in Chuy’s in the 4th quarter valued at $162,000. Finally, Hsbc Holdings PLC bought a new position in Chuy’s in the 3rd quarter valued at $212,000. Institutional investors own 99.92% of the company’s stock.

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.