BidaskClub upgraded shares of Chuy’s (NASDAQ:CHUY) from a hold rating to a buy rating in a research note issued to investors on Wednesday, BidAskClub reports.

A number of other research firms have also issued reports on CHUY. Wedbush reiterated a hold rating and issued a $24.00 target price on shares of Chuy’s in a research note on Friday, August 9th. Zacks Investment Research upgraded shares of Chuy’s from a hold rating to a buy rating and set a $27.00 target price on the stock in a research note on Monday, August 5th. Telsey Advisory Group reiterated a market perform rating and issued a $26.00 target price (up from $23.00) on shares of Chuy’s in a research note on Friday, August 9th. ValuEngine upgraded shares of Chuy’s from a sell rating to a hold rating in a research note on Tuesday, June 18th. Finally, TheStreet upgraded shares of Chuy’s from a c rating to a b- rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Chuy’s currently has an average rating of Hold and an average target price of $24.80.

NASDAQ:CHUY opened at $24.89 on Wednesday. Chuy’s has a 1 year low of $17.03 and a 1 year high of $28.25. The firm’s fifty day simple moving average is $24.96 and its 200 day simple moving average is $22.74. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $413.42 million, a PE ratio of 28.28, a PEG ratio of 1.54 and a beta of 0.16.

Chuy’s (NASDAQ:CHUY) last posted its earnings results on Thursday, August 8th. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. Chuy’s had a net margin of 1.30% and a return on equity of 8.21%. The business had revenue of $113.10 million for the quarter, compared to analyst estimates of $111.77 million. During the same period last year, the business posted $0.38 EPS. Chuy’s’s revenue was up 6.4% compared to the same quarter last year. As a group, analysts anticipate that Chuy’s will post 0.95 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in CHUY. Wasatch Advisors Inc. lifted its holdings in shares of Chuy’s by 15.0% during the 1st quarter. Wasatch Advisors Inc. now owns 1,720,632 shares of the restaurant operator’s stock worth $39,179,000 after acquiring an additional 223,870 shares during the period. Marshall Wace LLP lifted its holdings in shares of Chuy’s by 313.5% during the 1st quarter. Marshall Wace LLP now owns 278,516 shares of the restaurant operator’s stock worth $6,342,000 after acquiring an additional 211,159 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Chuy’s by 90.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 220,052 shares of the restaurant operator’s stock worth $5,044,000 after acquiring an additional 104,497 shares during the period. Coatue Management LLC bought a new position in shares of Chuy’s during the 2nd quarter worth about $2,345,000. Finally, Marshall Wace North America L.P. bought a new position in shares of Chuy’s during the 1st quarter worth about $1,898,000.

Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 30, 2018, it operated 100 restaurants. The company was founded in 1982 and is headquartered in Austin, Texas.

Featured Article: Why is the LIBOR significant?

Receive News & Ratings for Chuy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chuy's and related companies with MarketBeat.com's FREE daily email newsletter.