Chuy’s Holdings, Inc. (CHUY) Price Target Cut to $23.00
Chuy’s Holdings, Inc. (NASDAQ:CHUY) had its price target cut by equities researchers at Robert W. Baird from $24.00 to $23.00 in a research note issued on Friday. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Robert W. Baird’s price target suggests a potential downside of 0.22% from the company’s previous close.
Several other equities research analysts also recently weighed in on CHUY. Stephens lowered their target price on shares of Chuy’s Holdings from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, July 6th. Raymond James Financial, Inc. upgraded shares of Chuy’s Holdings from a “market perform” rating to an “outperform” rating and set a $29.00 target price for the company in a research note on Monday, July 17th. BidaskClub downgraded shares of Chuy’s Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Wedbush restated a “hold” rating and issued a $23.00 target price on shares of Chuy’s Holdings in a research note on Sunday, July 30th. Finally, BMO Capital Markets lowered their target price on shares of Chuy’s Holdings from $31.00 to $24.00 and set a “market perform” rating for the company in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Chuy’s Holdings presently has an average rating of “Hold” and a consensus target price of $26.00.
Chuy’s Holdings (NASDAQ:CHUY) last released its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.03). Chuy’s Holdings had a net margin of 4.37% and a return on equity of 9.98%. The business had revenue of $92.19 million for the quarter, compared to the consensus estimate of $92.90 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. Chuy’s Holdings’s revenue for the quarter was up 7.7% on a year-over-year basis.
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Several large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its holdings in shares of Chuy’s Holdings by 58.0% during the second quarter. BNP Paribas Arbitrage SA now owns 4,941 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 1,813 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Chuy’s Holdings during the first quarter worth $200,000. Stevens Capital Management LP purchased a new position in shares of Chuy’s Holdings during the second quarter worth $206,000. Arizona State Retirement System raised its holdings in shares of Chuy’s Holdings by 1.1% during the first quarter. Arizona State Retirement System now owns 8,800 shares of the restaurant operator’s stock worth $262,000 after purchasing an additional 100 shares during the last quarter. Finally, Aperio Group LLC purchased a new position in shares of Chuy’s Holdings during the second quarter worth $206,000. Institutional investors and hedge funds own 99.98% of the company’s stock.
Chuy’s Holdings Company Profile
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.
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