StockNews.com Upgrades Chuy’s (NASDAQ:CHUY) to “Buy”

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

CHUY has been the topic of a number of other reports. Piper Sandler cut 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 note on Friday, February 23rd. Stephens began coverage on shares of Chuy’s in a report on Friday, April 12th. They set an “overweight” rating and a $40.00 target price on the stock. Finally, Wedbush decreased their price target on shares of Chuy’s from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.71.

Chuy’s Stock Up 0.6 %

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

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.07. Chuy’s had a net margin of 6.83% and a return on equity of 13.96%. The firm had revenue of $116.30 million for the quarter, compared to analyst estimates of $116.63 million. During the same period in the previous year, the firm earned $0.27 EPS. Chuy’s’s revenue was up 11.7% on a year-over-year basis. Equities research analysts expect that Chuy’s will post 1.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Chuy’s

Several hedge funds and other institutional investors have recently bought and sold shares of CHUY. 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 valued at $141,000 after purchasing an additional 413 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Chuy’s by 1.3% in the third quarter. Swiss National Bank now owns 39,700 shares of the restaurant operator’s stock valued at $1,413,000 after acquiring an additional 500 shares during the period. BNP Paribas Financial Markets grew its position in shares of Chuy’s by 4.7% during the first quarter. BNP Paribas Financial Markets now owns 13,693 shares of the restaurant operator’s stock worth $462,000 after acquiring an additional 614 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its position 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 worth $1,052,000 after acquiring an additional 788 shares during the last quarter. Finally, AJOVista LLC acquired a new position in shares of Chuy’s in the 4th quarter valued at $53,000. 99.92% of the stock is currently owned by institutional investors and hedge funds.

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.