Brokerages Set Chuy’s Holdings Inc (CHUY) Target Price at $26.57

Shares of Chuy’s Holdings Inc (NASDAQ:CHUY) have received an average recommendation of “Hold” from the twelve research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $26.57.

A number of research analysts recently commented on the company. Stifel Nicolaus increased their target price on Chuy’s from $22.00 to $26.00 and gave the company a “hold” rating in a research note on Wednesday, April 18th. BidaskClub raised Chuy’s from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Zacks Investment Research cut Chuy’s from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine cut Chuy’s from a “hold” rating to a “sell” rating in a research note on Monday, May 14th. Finally, Wedbush reissued a “hold” rating and issued a $25.00 target price on shares of Chuy’s in a research note on Friday, March 9th.

Chuy’s traded up $0.25, reaching $30.95, during trading on Thursday, according to Marketbeat. The stock had a trading volume of 84,700 shares, compared to its average volume of 144,555. The stock has a market cap of $520.26 million, a PE ratio of 32.24, a P/E/G ratio of 1.69 and a beta of -0.35. Chuy’s has a one year low of $18.00 and a one year high of $31.35.

Chuy’s (NASDAQ:CHUY) last released its earnings results on Tuesday, May 8th. The restaurant operator reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.03). The firm had revenue of $93.85 million during the quarter, compared to the consensus estimate of $94.58 million. Chuy’s had a net margin of 7.33% and a return on equity of 8.16%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. equities research analysts predict that Chuy’s will post 1.12 EPS for the current year.

In other news, CEO Steven J. Hislop sold 27,021 shares of the firm’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $30.03, for a total transaction of $811,440.63. Following the transaction, the chief executive officer now directly owns 132,460 shares of the company’s stock, valued at $3,977,773.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven J. Hislop sold 3,690 shares of the firm’s stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $30.00, for a total value of $110,700.00. Following the transaction, the chief executive officer now directly owns 132,460 shares in the company, valued at $3,973,800. The disclosure for this sale can be found here. Insiders have sold 40,315 shares of company stock worth $1,204,679 over the last ninety days. Insiders own 1.40% of the company’s stock.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Chuy’s by 1.1% during the first quarter. BlackRock Inc. now owns 2,205,995 shares of the restaurant operator’s stock valued at $57,797,000 after buying an additional 24,100 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Chuy’s by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 976,803 shares of the restaurant operator’s stock valued at $25,592,000 after buying an additional 35,230 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Chuy’s by 6.0% during the fourth quarter. Macquarie Group Ltd. now owns 736,886 shares of the restaurant operator’s stock worth $20,670,000 after purchasing an additional 41,514 shares during the period. Millennium Management LLC boosted its holdings in shares of Chuy’s by 49.2% during the fourth quarter. Millennium Management LLC now owns 554,946 shares of the restaurant operator’s stock worth $15,566,000 after purchasing an additional 182,923 shares during the period. Finally, Clearbridge LLC boosted its holdings in shares of Chuy’s by 10.3% during the fourth quarter. Clearbridge LLC now owns 537,456 shares of the restaurant operator’s stock worth $15,076,000 after purchasing an additional 50,310 shares during the period. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

About Chuy’s

Chuy's Holdings, Inc, through its subsidiaries, owns and operates restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 31, 2017, the company operated 91 Chuy's restaurants in 19 states. Chuy's Holdings, Inc was founded in 1982 and is headquartered in Austin, Texas.

Analyst Recommendations for Chuy`s (NASDAQ:CHUY)

Receive News & Ratings for Chuy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chuy's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply