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 (EPS) guidance of 1.820-1.870 for the period, compared to the consensus estimate of 1.850. The company issued revenue guidance of -. Chuy’s also updated its FY24 guidance to $1.82-$1.87 EPS.

Chuy’s Trading Up 1.9 %

Shares of CHUY stock traded up $0.56 during trading hours on Thursday, hitting $29.72. 141,612 shares of the company were exchanged, compared to its average volume of 129,588. The business has a 50 day moving average of $32.09 and a two-hundred day moving average of $33.95. Chuy’s has a 52 week low of $28.73 and a 52 week high of $43.17. The company has a market capitalization of $512.08 million, a PE ratio of 17.08 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, topping 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 company had revenue of $116.30 million during the quarter, compared to the consensus estimate of $116.63 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts forecast that Chuy’s will post 1.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CHUY. Stephens began coverage on shares of Chuy’s in a research report on Friday, April 12th. They issued an overweight rating and a $40.00 target price for the company. Piper Sandler decreased their target price on shares of Chuy’s from $39.00 to $35.00 and set a neutral rating for the company in a research report on Friday, February 23rd. StockNews.com raised shares of Chuy’s from a hold rating to a buy rating in a research report on Friday, May 3rd. Finally, Wedbush decreased their target price 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Chuy’s has a consensus rating of Moderate Buy and an average target price of $39.71.

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.