Chuy’s (NASDAQ:CHUY) Stock Price Up 5.8%

Chuy’s Holdings Inc (NASDAQ:CHUY)’s share price rose 5.8% on Thursday . The company traded as high as $9.48 and last traded at $9.14, approximately 458,627 shares traded hands during trading. An increase of 189% from the average daily volume of 158,483 shares. The stock had previously closed at $8.64.

CHUY has been the subject of a number of research analyst reports. ValuEngine lowered shares of Chuy’s from a “hold” rating to a “sell” rating in a research report on Thursday. Raymond James raised shares of Chuy’s from a “market perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research report on Thursday. Robert W. Baird cut their price objective on shares of Chuy’s from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, March 6th. CL King began coverage on shares of Chuy’s in a research report on Monday, December 16th. They set a “neutral” rating for the company. Finally, BidaskClub lowered shares of Chuy’s from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 24th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $19.00.

The firm has a market cap of $167.53 million, a P/E ratio of 25.39 and a beta of 1.16. The stock’s 50 day moving average is $17.42 and its two-hundred day moving average is $23.60. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.46 and a quick ratio of 0.42.

Chuy’s (NASDAQ:CHUY) last posted its earnings results on Thursday, March 5th. The restaurant operator reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. The business had revenue of $102.00 million for the quarter, compared to analysts’ expectations of $102.27 million. Chuy’s had a net margin of 1.46% and a return on equity of 9.00%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. As a group, research analysts forecast that Chuy’s Holdings Inc will post 0.39 EPS for the current fiscal year.

In other news, Director Randall M. Dewitt acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were purchased at an average cost of $16.82 per share, with a total value of $84,100.00. Following the completion of the purchase, the director now owns 6,335 shares of the company’s stock, valued at $106,554.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of CHUY. Squarepoint Ops LLC bought a new stake in shares of Chuy’s during the third quarter valued at approximately $452,000. 6 Meridian grew its holdings in shares of Chuy’s by 6.6% in the fourth quarter. 6 Meridian now owns 34,525 shares of the restaurant operator’s stock worth $895,000 after purchasing an additional 2,127 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Chuy’s in the fourth quarter worth approximately $402,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Chuy’s by 324.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 1,591 shares during the last quarter. Finally, New York State Teachers Retirement System grew its holdings in shares of Chuy’s by 8.7% in the fourth quarter. New York State Teachers Retirement System now owns 19,943 shares of the restaurant operator’s stock worth $517,000 after purchasing an additional 1,600 shares during the last quarter.

Chuy’s Company Profile (NASDAQ:CHUY)

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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