Chuy’s (CHUY) PT Raised to $26.00 at Stifel Nicolaus

Chuy’s (NASDAQ:CHUY) had its price objective increased by stock analysts at Stifel Nicolaus from $22.00 to $26.00 in a research note issued on Wednesday. The firm currently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target indicates a potential downside of 4.76% from the stock’s current price.

A number of other research firms have also recently issued reports on CHUY. Zacks Investment Research raised shares of Chuy’s from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. BMO Capital Markets increased their price objective on shares of Chuy’s to $30.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 10th. BidaskClub cut shares of Chuy’s from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Telsey Advisory Group reissued a “market perform” rating and set a $29.00 price objective (up previously from $23.00) on shares of Chuy’s in a research report on Wednesday, February 28th. Finally, Wedbush reissued a “hold” rating and set a $25.00 price objective on shares of Chuy’s in a research report on Friday, March 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $27.50.

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Shares of CHUY opened at $27.30 on Wednesday. The firm has a market cap of $461.21, a price-to-earnings ratio of 28.44, a PEG ratio of 1.50 and a beta of -0.33. Chuy’s has a 12 month low of $18.00 and a 12 month high of $32.10.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings results on Thursday, March 8th. The restaurant operator reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). The firm had revenue of $96.02 million for the quarter, compared to the consensus estimate of $95.80 million. Chuy’s had a net margin of 7.83% and a return on equity of 9.40%. The business’s revenue was up 21.5% compared to the same quarter last year. During the same period last year, the company posted $0.18 EPS. equities research analysts expect that Chuy’s will post 1.12 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in CHUY. BlackRock Inc. raised its holdings in shares of Chuy’s by 4.4% in the 4th quarter. BlackRock Inc. now owns 2,181,895 shares of the restaurant operator’s stock worth $61,203,000 after acquiring an additional 91,444 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Chuy’s by 7.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 870,210 shares of the restaurant operator’s stock worth $18,318,000 after acquiring an additional 61,444 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of Chuy’s by 6.0% in the 4th quarter. Macquarie Group Ltd. now owns 736,886 shares of the restaurant operator’s stock worth $20,670,000 after acquiring an additional 41,514 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Chuy’s by 49.2% in the 4th quarter. Millennium Management LLC now owns 554,946 shares of the restaurant operator’s stock worth $15,566,000 after acquiring an additional 182,923 shares during the last quarter. Finally, Clearbridge LLC raised its holdings in shares of Chuy’s by 10.3% in the 4th quarter. Clearbridge LLC now owns 537,456 shares of the restaurant operator’s stock worth $15,076,000 after acquiring an additional 50,310 shares during the last quarter. 95.55% of the stock is currently owned by institutional investors.

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Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 31, 2017, the company operated 91 Chuy's restaurants in 19 states. Chuy's Holdings, Inc was founded in 1982 and is headquartered in Austin, Texas.

Analyst Recommendations for Chuy`s (NASDAQ:CHUY)

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