Chuy’s (NASDAQ:CHUY) Sets New 1-Year Low at $29.31

Chuy’s Holdings, Inc. (NASDAQ:CHUYGet Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $29.31 and last traded at $29.31, with a volume of 3722 shares changing hands. The stock had previously closed at $29.46.

Analyst Ratings Changes

Several equities research analysts have recently commented on CHUY shares. Stephens initiated coverage on shares of Chuy’s in a report on Friday, April 12th. They issued an “overweight” rating and a $40.00 price target for the company. StockNews.com cut Chuy’s from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Piper Sandler reduced their price target on Chuy’s from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Finally, Wedbush dropped their price objective on Chuy’s from $41.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.71.

Get Our Latest Report on Chuy’s

Chuy’s Stock Performance

The company has a 50 day moving average of $32.53 and a two-hundred day moving average of $34.09. The stock has a market capitalization of $498.81 million, a PE ratio of 16.64 and a beta of 1.68.

Chuy’s (NASDAQ:CHUYGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The business had revenue of $116.30 million for the quarter, compared to analyst estimates of $116.63 million. Chuy’s had a return on equity of 13.96% and a net margin of 6.83%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share. As a group, research analysts predict that Chuy’s Holdings, Inc. will post 1.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Chuy’s

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AJOVista LLC acquired a new position in shares of Chuy’s in the 4th quarter valued at $53,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Chuy’s by 70.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock valued at $90,000 after purchasing an additional 1,096 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Chuy’s by 57.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,347 shares of the restaurant operator’s stock worth $155,000 after purchasing an additional 1,583 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Chuy’s during the fourth quarter worth about $162,000. Finally, Hsbc Holdings PLC purchased a new stake in Chuy’s in the third quarter valued at approximately $212,000. 99.92% of the stock is currently owned by institutional investors and hedge funds.

Chuy’s Company Profile

(Get Free Report)

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.

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