Brokerages Anticipate Chuy’s Holdings, Inc. (NASDAQ:CHUY) Will Announce Quarterly Sales of $82.02 Million


Share on StockTwits

Equities research analysts predict that Chuy’s Holdings, Inc. (NASDAQ:CHUY) will announce sales of $82.02 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Chuy’s’ earnings. The lowest sales estimate is $79.10 million and the highest is $84.45 million. Chuy’s reported sales of $94.50 million in the same quarter last year, which would suggest a negative year over year growth rate of 13.2%. The firm is expected to report its next earnings results after the market closes on Thursday, May 6th.

On average, analysts expect that Chuy’s will report full year sales of $374.01 million for the current fiscal year, with estimates ranging from $364.00 million to $382.26 million. For the next year, analysts anticipate that the company will report sales of $430.70 million, with estimates ranging from $423.45 million to $441.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Chuy’s.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings data on Wednesday, March 3rd. The restaurant operator reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Chuy’s had a negative net margin of 1.89% and a positive return on equity of 6.19%. The business had revenue of $78.71 million during the quarter, compared to analyst estimates of $76.77 million. During the same period last year, the business earned $0.17 EPS. Chuy’s’s revenue was down 22.9% compared to the same quarter last year.

Several research firms have weighed in on CHUY. Raymond James downgraded Chuy’s from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 10th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Chuy’s from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Tuesday, March 23rd. Stifel Nicolaus restated a “hold” rating and set a $45.00 target price on shares of Chuy’s in a research report on Thursday, April 15th. BMO Capital Markets lowered Chuy’s from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $30.00 to $42.00 in a research report on Thursday, February 25th. They noted that the move was a valuation call. Finally, Robert W. Baird restated a “hold” rating on shares of Chuy’s in a research report on Sunday, February 21st. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Chuy’s currently has an average rating of “Hold” and a consensus price target of $43.86.

CHUY stock traded down $0.08 during trading on Thursday, reaching $48.06. The stock had a trading volume of 113,006 shares, compared to its average volume of 169,630. Chuy’s has a 52 week low of $12.37 and a 52 week high of $49.61. The firm has a market cap of $958.60 million, a PE ratio of -109.22 and a beta of 2.05. The stock’s 50 day moving average is $44.83 and its two-hundred day moving average is $34.11.

In other Chuy’s news, CFO Jon W. Howie sold 10,000 shares of the stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $42.01, for a total value of $420,100.00. Following the sale, the chief financial officer now owns 61,477 shares in the company, valued at $2,582,648.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jon W. Howie sold 938 shares of Chuy’s stock in a transaction on Monday, March 15th. The stock was sold at an average price of $45.06, for a total value of $42,266.28. Following the sale, the chief financial officer now owns 52,897 shares of the company’s stock, valued at $2,383,538.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 156,966 shares of company stock worth $6,970,042. Company insiders own 2.05% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CHUY. Dorsey Wright & Associates purchased a new stake in Chuy’s during the first quarter worth $47,000. Cowa LLC bought a new stake in shares of Chuy’s in the 4th quarter valued at about $58,000. Citigroup Inc. grew its position in shares of Chuy’s by 291.4% in the 4th quarter. Citigroup Inc. now owns 4,791 shares of the restaurant operator’s stock worth $127,000 after buying an additional 3,567 shares during the last quarter. Cornerstone Investment Partners LLC bought a new position in shares of Chuy’s during the 4th quarter worth approximately $201,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Chuy’s during the fourth quarter valued at approximately $204,000.

Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in 17 states, including the Southeastern and Midwestern United States. As of December 27, 2020, it operated 92 restaurants. The company was founded in 1982 and is headquartered in Austin, Texas.

Recommended Story: Why investors pay attention to retained earnings

Get a free copy of the Zacks research report on Chuy’s (CHUY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Chuy`s (NASDAQ:CHUY)

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.