BidaskClub upgraded shares of Chuy's (NASDAQ:CHUY) from a hold rating to a buy rating in a report issued on Friday morning.

CHUY has been the topic of a number of other research reports. BMO Capital Markets reaffirmed a hold rating on shares of Chuy's in a report on Monday, November 6th. Zacks Investment Research upgraded shares of Chuy's from a sell rating to a hold rating in a research note on Wednesday, October 4th. Robert W. Baird reiterated a hold rating and issued a $24.00 price objective on shares of Chuy's in a research note on Monday, October 9th. Finally, Stifel Nicolaus started coverage on shares of Chuy's in a research note on Monday, October 2nd. They issued a hold rating and a $23.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and an average target price of $26.00.

Shares of Chuy's (NASDAQ:CHUY) opened at $25.30 on Friday. The stock has a market cap of $442.29, a PE ratio of 27.53, a PEG ratio of 1.66 and a beta of 0.02. Chuy's has a 1-year low of $18.00 and a 1-year high of $34.55.

Chuy's (NASDAQ:CHUY) last announced its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The company had revenue of $92.19 million for the quarter, compared to analysts’ expectations of $92.90 million. Chuy's had a net margin of 4.37% and a return on equity of 9.98%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. analysts predict that Chuy's will post 0.97 earnings per share for the current year.

Chuy's declared that its Board of Directors has authorized a stock buyback program on Thursday, November 2nd that allows the company to repurchase $30.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Several large investors have recently modified their holdings of CHUY. Granahan Investment Management Inc. MA lifted its stake in shares of Chuy's by 697.5% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 473,828 shares of the restaurant operator’s stock worth $9,974,000 after purchasing an additional 414,417 shares during the period. Wasatch Advisors Inc. raised its stake in Chuy's by 31.2% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,393,110 shares of the restaurant operator’s stock worth $32,599,000 after acquiring an additional 331,599 shares during the period. Macquarie Group Ltd. raised its stake in Chuy's by 47.8% during the 2nd quarter. Macquarie Group Ltd. now owns 556,366 shares of the restaurant operator’s stock worth $13,019,000 after acquiring an additional 180,061 shares during the period. Dimensional Fund Advisors LP raised its stake in Chuy's by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 808,766 shares of the restaurant operator’s stock worth $18,925,000 after acquiring an additional 128,526 shares during the period. Finally, Stephens Investment Management Group LLC raised its stake in Chuy's by 11.2% during the 2nd quarter. Stephens Investment Management Group LLC now owns 1,267,202 shares of the restaurant operator’s stock worth $29,653,000 after acquiring an additional 127,669 shares during the period. Hedge funds and other institutional investors own 95.55% of the company’s stock.

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About Chuy's

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.

Analyst Recommendations for Chuy's (NASDAQ:CHUY)

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