Trade Report: The Chuy’s Holdings Inc. (NASDAQ:CHUY) Receives $34.20 Consensus Price Target from Brokerages

The Chuy’s Holdings Inc. (NASDAQ:CHUY) Receives $34.20 Consensus Price Target from Brokerages

Shares of Chuy’s Holdings Inc. (NASDAQ:CHUY) have been given an average rating of “Hold” by the ten brokerages that are presently covering the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $34.20.

A number of analysts have commented on CHUY shares. Stifel Nicolaus lowered shares of Chuy’s Holdings from a “buy” rating to a “hold” rating and decreased their price target for the company from $45.00 to $32.00 in a research note on Tuesday, July 26th. TheStreet lowered shares of Chuy’s Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, September 29th. BMO Capital Markets restated a “hold” rating and set a $34.00 price target on shares of Chuy’s Holdings in a research note on Wednesday, August 3rd. Zacks Investment Research lowered shares of Chuy’s Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Finally, Telsey Advisory Group lowered shares of Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $38.00 price target for the company. in a research note on Tuesday, July 26th.

Chuy’s Holdings (NASDAQ:CHUY) opened at 27.72 on Monday. The company has a market capitalization of $465.53 million and a price-to-earnings ratio of 32.20. Chuy’s Holdings has a 12 month low of $26.92 and a 12 month high of $37.78. The stock has a 50 day moving average of $29.59 and a 200 day moving average of $32.13.

Chuy’s Holdings (NASDAQ:CHUY) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. The business earned $87.90 million during the quarter, compared to analyst estimates of $87.45 million. Chuy’s Holdings had a net margin of 4.70% and a return on equity of 12.59%. Chuy’s Holdings’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 EPS. Equities analysts anticipate that Chuy’s Holdings will post $1.08 EPS for the current fiscal year.

In related news, Director Michael Roger Young sold 1,000 shares of the business’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $34.09, for a total value of $34,090.00. Following the transaction, the director now directly owns 862 shares of the company’s stock, valued at approximately $29,385.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of CHUY. BlackRock Fund Advisors increased its position in shares of Chuy’s Holdings by 153.9% in the second quarter. BlackRock Fund Advisors now owns 1,089,554 shares of the company’s stock worth $37,709,000 after buying an additional 660,502 shares during the period. Stephens Investment Management Group LLC increased its position in shares of Chuy’s Holdings by 9.8% in the second quarter. Stephens Investment Management Group LLC now owns 893,907 shares of the company’s stock worth $30,938,000 after buying an additional 79,970 shares during the period. Vanguard Group Inc. increased its position in shares of Chuy’s Holdings by 27.1% in the second quarter. Vanguard Group Inc. now owns 789,624 shares of the company’s stock worth $27,328,000 after buying an additional 168,142 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Chuy’s Holdings by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 614,977 shares of the company’s stock worth $21,285,000 after buying an additional 27,499 shares during the period. Finally, Henderson Group PLC increased its position in shares of Chuy’s Holdings by 57.8% in the second quarter. Henderson Group PLC now owns 544,553 shares of the company’s stock worth $18,847,000 after buying an additional 199,372 shares during the period.

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