Brokerages expect Chuy’s Holdings Inc (NASDAQ:CHUY) to report $111.89 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Chuy’s’ earnings. The highest sales estimate is $112.88 million and the lowest is $111.19 million. Chuy’s posted sales of $106.34 million in the same quarter last year, which suggests a positive year over year growth rate of 5.2%. The firm is expected to announce its next earnings results on Thursday, August 8th.

According to Zacks, analysts expect that Chuy’s will report full year sales of $425.26 million for the current year, with estimates ranging from $423.03 million to $427.19 million. For the next financial year, analysts anticipate that the firm will report sales of $454.28 million, with estimates ranging from $450.58 million to $460.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Chuy’s.

Chuy’s (NASDAQ:CHUY) last issued its earnings results on Tuesday, May 7th. The restaurant operator reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. Chuy’s had a net margin of 1.37% and a return on equity of 7.89%. The firm had revenue of $102.10 million during the quarter, compared to analyst estimates of $101.84 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. Chuy’s’s revenue for the quarter was up 8.7% on a year-over-year basis.

Several research firms have recently issued reports on CHUY. BidaskClub upgraded shares of Chuy’s from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. Zacks Investment Research raised shares of Chuy’s from a “strong sell” rating to a “hold” rating in a research note on Monday, February 4th. ValuEngine downgraded shares of Chuy’s from a “hold” rating to a “sell” rating in a research note on Monday, February 25th. Finally, Wedbush reaffirmed a “hold” rating on shares of Chuy’s in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $28.57.

CHUY stock traded up $0.12 during trading on Friday, hitting $22.16. 1,674 shares of the company’s stock traded hands, compared to its average volume of 193,108. Chuy’s has a 52 week low of $17.03 and a 52 week high of $34.10. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $371.04 million, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 1.44 and a beta of 0.34.

In related news, Director Ira L. Zecher sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $22.60, for a total value of $33,900.00. Following the transaction, the director now owns 2,237 shares of the company’s stock, valued at approximately $50,556.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Quantamental Technologies LLC purchased a new position in Chuy’s during the 1st quarter valued at about $65,000. BNP Paribas Arbitrage SA increased its position in Chuy’s by 1,962.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,486 shares of the restaurant operator’s stock valued at $79,000 after purchasing an additional 3,317 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Chuy’s during the 4th quarter valued at about $85,000. Metropolitan Life Insurance Co. NY increased its position in Chuy’s by 397.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,012 shares of the restaurant operator’s stock valued at $107,000 after purchasing an additional 4,803 shares during the period. Finally, Oregon Public Employees Retirement Fund purchased a new position in Chuy’s during the 4th quarter valued at about $114,000.

Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 30, 2018, it operated 100 restaurants. The company 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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