Chuy’s (NASDAQ:CHUY) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Chuy’s (NASDAQ:CHUY) in a report released on Wednesday morning. The firm issued a hold rating on the restaurant operator’s stock.

Other analysts also recently issued research reports about the company. Benchmark downgraded Chuy’s from a buy rating to a hold rating and set a $37.50 price objective for the company. in a research report on Monday, August 19th. Jefferies Financial Group lowered shares of Chuy’s from a buy rating to a hold rating and lowered their price target for the company from $38.00 to $24.00 in a report on Thursday, July 11th. Stephens reissued an equal weight rating and set a $37.50 price target on shares of Chuy’s in a research report on Monday, August 12th. Finally, Wedbush restated a neutral rating and issued a $37.50 price objective (down previously from $38.00) on shares of Chuy’s in a research report on Monday, July 22nd. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $33.25.

Chuy’s Stock Performance

CHUY stock opened at $37.45 on Wednesday. The firm has a market cap of $645.26 million, a P/E ratio of 22.16 and a beta of 1.77. The firm’s fifty day moving average is $37.22 and its 200 day moving average is $31.87. Chuy’s has a 52 week low of $22.52 and a 52 week high of $39.40.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings data on Friday, August 9th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. Chuy’s had a return on equity of 13.23% and a net margin of 5.84%. The firm had revenue of $119.80 million for the quarter, compared to analysts’ expectations of $120.46 million. As a group, analysts forecast that Chuy’s will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its stake in shares of Chuy’s by 85.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 466 shares in the last quarter. Quarry LP purchased a new stake in Chuy’s in the second quarter worth about $36,000. Lazard Asset Management LLC boosted its position in Chuy’s by 607.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock valued at $82,000 after acquiring an additional 2,107 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Chuy’s by 70.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock worth $90,000 after acquiring an additional 1,096 shares during the period. Finally, Point72 DIFC Ltd grew its holdings in shares of Chuy’s by 257.8% during the 2nd quarter. Point72 DIFC Ltd now owns 4,129 shares of the restaurant operator’s stock worth $107,000 after acquiring an additional 2,975 shares during the period. 99.92% of the stock is owned by hedge funds and other institutional investors.

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.