Chuy’s (NASDAQ:CHUY) Releases FY 2024 Earnings Guidance

Chuy’s (NASDAQ:CHUY) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.820-1.870 for the period, compared to the consensus earnings per share estimate of 1.850. The company issued revenue guidance of -. Chuy’s also updated its FY24 guidance to $1.82-$1.87 EPS.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CHUY shares. Stephens assumed coverage on Chuy’s in a research note on Friday, April 12th. They issued an overweight rating and a $40.00 price objective for the company. Wedbush reduced 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. Piper Sandler lowered their price objective 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. Finally, StockNews.com raised shares of Chuy’s from a hold rating to a buy rating in a report on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $39.71.

Chuy’s Stock Performance

NASDAQ:CHUY traded up $0.56 during mid-day trading on Thursday, reaching $29.72. The stock had a trading volume of 141,612 shares, compared to its average volume of 129,588. The firm has a market capitalization of $512.08 million, a price-to-earnings ratio of 17.08 and a beta of 1.68. The business has a 50 day simple moving average of $32.17 and a 200 day simple moving average of $33.98. Chuy’s has a twelve month low of $28.73 and a twelve month high of $43.17.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.45 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 during the quarter, compared to analysts’ expectations of $116.63 million. During the same quarter last year, the business earned $0.27 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, sell-side analysts expect that Chuy’s will post 1.85 earnings per share for the current year.

About Chuy’s

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.