Chuy’s Holdings, Inc. (NASDAQ:CHUY) Forecasted to Post Q3 2017 Earnings of $0.23 Per Share

Chuy’s Holdings, Inc. (NASDAQ:CHUY) – Wedbush reduced their Q3 2017 earnings estimates for shares of Chuy’s Holdings in a research report issued to clients and investors on Friday. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $0.23 for the quarter, down from their previous forecast of $0.27. Wedbush currently has a “Hold” rating and a $23.00 target price on the stock. Wedbush also issued estimates for Chuy’s Holdings’ FY2017 earnings at $1.04 EPS and Q3 2018 earnings at $0.26 EPS.

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CHUY has been the topic of several other reports. Raymond James Financial, Inc. raised Chuy’s Holdings from a “market perform” rating to an “outperform” rating and set a $29.00 target price on the stock in a research report on Monday, July 17th. TheStreet lowered Chuy’s Holdings from a “b-” rating to a “c” rating in a research report on Tuesday, June 20th. BMO Capital Markets dropped their target price on Chuy’s Holdings from $31.00 to $24.00 and set a “market perform” rating on the stock in a research report on Friday, August 4th. Wells Fargo & Company lowered Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $31.00 target price on the stock. in a research report on Friday, May 19th. Finally, BidaskClub lowered Chuy’s Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Chuy’s Holdings has an average rating of “Hold” and an average target price of $28.50.

Chuy’s Holdings (NASDAQ:CHUY) opened at 20.80 on Monday. Chuy’s Holdings has a 52 week low of $20.26 and a 52 week high of $35.30. The firm has a market capitalization of $351.42 million, a PE ratio of 20.39 and a beta of 0.01. The firm has a 50-day moving average of $23.38 and a 200 day moving average of $27.40.

In related news, insider Sharon A. Russell sold 1,138 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $31.00, for a total transaction of $35,278.00. Following the completion of the transaction, the insider now owns 3,115 shares of the company’s stock, valued at $96,565. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Keybank National Association OH boosted its position in shares of Chuy’s Holdings by 22.6% in the second quarter. Keybank National Association OH now owns 12,084 shares of the restaurant operator’s stock valued at $283,000 after buying an additional 2,227 shares in the last quarter. Geneva Advisors LLC raised its position in Chuy’s Holdings by 53.0% in the second quarter. Geneva Advisors LLC now owns 47,705 shares of the restaurant operator’s stock worth $1,116,000 after buying an additional 16,522 shares during the period. Marshall Wace North America L.P. bought a new position in Chuy’s Holdings during the second quarter worth $642,000. Frontier Capital Management Co. LLC raised its position in Chuy’s Holdings by 6.3% in the second quarter. Frontier Capital Management Co. LLC now owns 393,132 shares of the restaurant operator’s stock worth $9,199,000 after buying an additional 23,356 shares during the period. Finally, KBC Group NV raised its position in Chuy’s Holdings by 40.8% in the second quarter. KBC Group NV now owns 26,216 shares of the restaurant operator’s stock worth $613,000 after buying an additional 7,597 shares during the period. 98.37% of the stock is owned by institutional investors and hedge funds.

About Chuy’s Holdings

Chuy’s Holdings, Inc operates Chuy’s, a restaurant concept offering a distinct menu of authentic, freshly prepared Mexican and Tex-Mex inspired food. As of December 25, 2016, the Company operated 80 Chuy’s restaurants across 16 states. The Company offers the same menu during lunch and dinner, which includes enchiladas, fajitas, tacos, burritos, combination platters and daily specials, complemented by a range of appetizers, soups and salads.

Earnings History and Estimates for Chuy`s Holdings (NASDAQ:CHUY)

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