Chuy’s (NASDAQ:CHUY) Rating Increased to Buy at StockNews.com

Chuy’s (NASDAQ:CHUY) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Several other equities analysts have also recently commented on the stock. Piper Sandler reduced their price target on shares of Chuy’s from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Wedbush reduced their target price on Chuy’s from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Finally, Stephens started coverage on Chuy’s in a research report on Friday, April 12th. They issued an “overweight” rating and a $40.00 target price for the company. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.71.

Chuy’s Trading Up 0.6 %

CHUY stock traded up $0.18 during midday trading on Friday, hitting $29.13. 135,910 shares of the company’s stock were exchanged, compared to its average volume of 130,278. The firm has a 50 day moving average price of $32.43 and a 200-day moving average price of $34.06. Chuy’s has a 12-month low of $28.73 and a 12-month high of $43.17. The stock has a market capitalization of $501.91 million, a price-to-earnings ratio of 16.74 and a beta of 1.68.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The business had revenue of $116.30 million during the quarter, compared to the consensus estimate of $116.63 million. Chuy’s had a net margin of 6.83% and a return on equity of 13.96%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. On average, sell-side analysts forecast that Chuy’s will post 1.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Chuy’s

Several institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of Chuy’s by 11.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,957 shares of the restaurant operator’s stock worth $141,000 after purchasing an additional 413 shares during the last quarter. Swiss National Bank increased its position in Chuy’s by 1.3% in the third quarter. Swiss National Bank now owns 39,700 shares of the restaurant operator’s stock worth $1,413,000 after buying an additional 500 shares during the period. BNP Paribas Financial Markets lifted its stake in Chuy’s by 4.7% in the first quarter. BNP Paribas Financial Markets now owns 13,693 shares of the restaurant operator’s stock valued at $462,000 after buying an additional 614 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Chuy’s by 2.7% during the third quarter. Campbell & CO Investment Adviser LLC now owns 29,560 shares of the restaurant operator’s stock valued at $1,052,000 after acquiring an additional 788 shares during the period. Finally, AJOVista LLC bought a new position in shares of Chuy’s during the fourth quarter worth about $53,000. 99.92% of the stock is owned by 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.