Chuy's (NASDAQ:CHUY) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Chuy's (NASDAQ:CHUY - Get Free Report) in a research note issued on Tuesday. The brokerage set a "hold" rating on the restaurant operator's stock.

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

Chuy's Stock Down 0.1 %

Shares of Chuy's stock traded down $0.03 on Tuesday, hitting $37.36. The company's stock had a trading volume of 173,766 shares, compared to its average volume of 246,935. The company has a market capitalization of $643.71 million, a P/E ratio of 22.12 and a beta of 1.77. Chuy's has a 52-week low of $22.52 and a 52-week high of $39.40. The firm has a fifty day moving average price of $36.70 and a 200-day moving average price of $31.62.

Chuy's (NASDAQ:CHUY - Get Free Report) last announced its earnings results on Friday, August 9th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.01. The company had revenue of $119.80 million during the quarter, compared to analysts' expectations of $120.46 million. Chuy's had a net margin of 5.84% and a return on equity of 13.23%. As a group, analysts expect that Chuy's will post 1.83 earnings per share for the current year.

Institutional Investors Weigh In On Chuy's

A number of institutional investors have recently bought and sold shares of CHUY. Sei Investments Co. raised its stake in Chuy's by 3.7% during the second quarter. Sei Investments Co. now owns 8,493 shares of the restaurant operator's stock worth $220,000 after purchasing an additional 300 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Chuy's by 1.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,422 shares of the restaurant operator's stock worth $1,060,000 after buying an additional 457 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Chuy's by 85.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 466 shares during the last quarter. BNP Paribas Financial Markets grew its position in Chuy's by 4.7% during the first quarter. BNP Paribas Financial Markets now owns 13,693 shares of the restaurant operator's stock valued at $462,000 after acquiring an additional 614 shares during the period. Finally, Victory Capital Management Inc. grew its position in Chuy's by 2.8% during the second quarter. Victory Capital Management Inc. now owns 27,000 shares of the restaurant operator's stock valued at $700,000 after acquiring an additional 725 shares during the period. 99.92% of the stock is currently owned by hedge funds and other institutional investors.

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.