Chuy’s Holdings Inc (NASDAQ:CHUY) – Investment analysts at Wedbush decreased their FY2018 earnings estimates for shares of Chuy’s in a research note issued to investors on Tuesday, November 6th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings per share of $0.89 for the year, down from their previous forecast of $1.09. Wedbush currently has a “Neutral” rating and a $28.00 target price on the stock. Wedbush also issued estimates for Chuy’s’ Q1 2019 earnings at $0.19 EPS and Q3 2019 earnings at $0.19 EPS.

A number of other equities research analysts have also issued reports on CHUY. ValuEngine lowered shares of Chuy’s from a “hold” rating to a “sell” rating in a report on Wednesday. TheStreet lowered shares of Chuy’s from a “b-” rating to a “c” rating in a report on Wednesday. Raymond James reaffirmed a “buy” rating on shares of Chuy’s in a report on Monday, August 13th. Telsey Advisory Group dropped their target price on shares of Chuy’s from $29.00 to $24.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, Zacks Investment Research lowered shares of Chuy’s from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $28.57.

Chuy’s stock opened at $20.43 on Friday. Chuy’s has a 52-week low of $19.70 and a 52-week high of $34.10. The firm has a market cap of $347.57 million, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.30 and a beta of -0.15.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings results on Tuesday, November 6th. The restaurant operator reported $0.20 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.09). Chuy’s had a return on equity of 8.47% and a net margin of 4.53%. The company had revenue of $101.20 million during the quarter, compared to analysts’ expectations of $104.57 million. During the same period in the previous year, the firm posted $0.19 EPS. Chuy’s’s revenue was up 9.8% compared to the same quarter last year.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Chuy’s by 3.0% during the 3rd quarter. BlackRock Inc. now owns 2,453,104 shares of the restaurant operator’s stock valued at $64,395,000 after acquiring an additional 72,243 shares during the last quarter. Thomson Horstmann & Bryant Inc. boosted its position in shares of Chuy’s by 1.1% during the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 257,220 shares of the restaurant operator’s stock valued at $6,752,000 after acquiring an additional 2,842 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Chuy’s by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 216,949 shares of the restaurant operator’s stock valued at $5,696,000 after acquiring an additional 7,282 shares during the last quarter. Wasatch Advisors Inc. boosted its position in shares of Chuy’s by 24.7% during the 3rd quarter. Wasatch Advisors Inc. now owns 1,862,250 shares of the restaurant operator’s stock valued at $48,884,000 after acquiring an additional 368,850 shares during the last quarter. Finally, Cadence Capital Management LLC boosted its position in shares of Chuy’s by 20.0% during the 3rd quarter. Cadence Capital Management LLC now owns 77,453 shares of the restaurant operator’s stock valued at $2,033,000 after acquiring an additional 12,930 shares during the last quarter.

In other news, Director Ira L. Zecher sold 1,500 shares of the business’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $27.53, for a total transaction of $41,295.00. Following the transaction, the director now owns 3,774 shares of the company’s stock, valued at approximately $103,898.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

About Chuy’s

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.

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

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