Chuy’s (NASDAQ:CHUY) Reaches New 1-Year Low at $29.31

Chuy’s Holdings, Inc. (NASDAQ:CHUY) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $29.31 and last traded at $29.31, with a volume of 3722 shares traded. The stock had previously closed at $29.46.

Wall Street Analysts Forecast Growth

CHUY has been the topic of several recent analyst reports. Stephens assumed coverage on shares of Chuy’s in a research note on Friday, April 12th. They issued an “overweight” rating and a $40.00 target price on the stock. Wedbush lowered their target price on shares of Chuy’s from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Piper Sandler lowered their price objective on shares of Chuy’s from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Finally, StockNews.com lowered 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 given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.71.

Chuy’s Price Performance

The company has a market cap of $502.77 million, a PE ratio of 16.82 and a beta of 1.63. The business has a fifty day simple moving average of $32.70 and a two-hundred day simple moving average of $34.16.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings data 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 firm had revenue of $116.30 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 EPS. On average, equities research analysts predict that Chuy’s Holdings, Inc. will post 1.85 EPS for the current year.

Institutional Investors Weigh In On Chuy’s

Hedge funds and other institutional investors have recently bought and sold shares of the company. AJOVista LLC acquired a new stake in Chuy’s in the fourth quarter worth about $53,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Chuy’s by 70.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock worth $90,000 after buying an additional 1,096 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Chuy’s by 57.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,347 shares of the restaurant operator’s stock worth $155,000 after buying an additional 1,583 shares during the period. Quest Partners LLC purchased a new stake in shares of Chuy’s during the fourth quarter valued at $162,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Chuy’s during the third quarter valued at $212,000. Hedge funds and other 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.