Piper Sandler Lowers Chuy’s (NASDAQ:CHUY) Price Target to $31.00

Chuy’s (NASDAQ:CHUYGet Free Report) had its price objective decreased by analysts at Piper Sandler from $35.00 to $31.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s price objective points to a potential upside of 11.19% from the company’s current price.

Several other research analysts have also weighed in on CHUY. StockNews.com lowered shares of Chuy’s from a “buy” rating to a “hold” rating in a report on Saturday. Stephens reiterated an “overweight” rating and issued a $40.00 price target on shares of Chuy’s in a report on Friday, May 10th. Wedbush restated an “outperform” rating and set a $38.00 price objective on shares of Chuy’s in a report on Friday, May 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $41.00 target price on shares of Chuy’s in a research report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.14.

Check Out Our Latest Stock Analysis on CHUY

Chuy’s Stock Performance

CHUY stock opened at $27.88 on Monday. The company has a 50 day moving average price of $31.76 and a two-hundred day moving average price of $33.86. The stock has a market capitalization of $480.37 million, a P/E ratio of 16.50 and a beta of 1.68. Chuy’s has a one year low of $27.40 and a one year high of $43.17.

Chuy’s (NASDAQ:CHUYGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The restaurant operator reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Chuy’s had a return on equity of 13.45% and a net margin of 6.58%. The business had revenue of $110.50 million during the quarter, compared to the consensus estimate of $111.67 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. Research analysts forecast that Chuy’s will post 1.85 earnings per share for the current fiscal year.

Institutional Trading of Chuy’s

A number of institutional investors have recently added to or reduced their stakes in CHUY. Quadrature Capital Ltd raised its position in Chuy’s by 36.0% in the first quarter. Quadrature Capital Ltd now owns 28,090 shares of the restaurant operator’s stock valued at $947,000 after purchasing an additional 7,440 shares during the period. Westwood Holdings Group Inc. raised its holdings in shares of Chuy’s by 10.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 948,060 shares of the restaurant operator’s stock valued at $31,978,000 after buying an additional 91,612 shares during the period. EntryPoint Capital LLC raised its holdings in shares of Chuy’s by 106.8% during the 1st quarter. EntryPoint Capital LLC now owns 5,193 shares of the restaurant operator’s stock valued at $175,000 after buying an additional 2,682 shares during the period. First Eagle Investment Management LLC lifted its position in Chuy’s by 13.2% during the 1st quarter. First Eagle Investment Management LLC now owns 317,179 shares of the restaurant operator’s stock worth $10,698,000 after acquiring an additional 37,076 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Chuy’s in the 1st quarter worth approximately $858,000. 99.92% of the stock is owned by hedge funds and other institutional investors.

About Chuy’s

(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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Analyst Recommendations for Chuy's (NASDAQ:CHUY)

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