Chuy’s Holdings Inc (NASDAQ:CHUY) – Investment analysts at Jefferies Financial Group issued their Q1 2019 earnings estimates for shares of Chuy’s in a research note issued on Wednesday, November 7th. Jefferies Financial Group analyst A. Barish anticipates that the restaurant operator will post earnings of $0.26 per share for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $30.00 target price on the stock. Jefferies Financial Group also issued estimates for Chuy’s’ Q2 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.15 EPS, FY2019 earnings at $1.08 EPS and FY2020 earnings at $1.27 EPS.
Several other analysts also recently weighed in on the stock. TheStreet downgraded shares of Chuy’s from a “b-” rating to a “c” rating in a research report on Wednesday. ValuEngine downgraded shares of Chuy’s from a “hold” rating to a “sell” rating in a research report on Wednesday. Telsey Advisory Group dropped their target price on shares of Chuy’s from $29.00 to $24.00 and set a “market perform” rating on the stock in a research report on Wednesday. BidaskClub downgraded shares of Chuy’s from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, Stifel Nicolaus dropped their target price on shares of Chuy’s from $31.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, October 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $28.57.
Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.09). Chuy’s had a return on equity of 8.47% and a net margin of 4.53%. The firm 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 earned $0.19 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in CHUY. Northern Trust Corp lifted its stake in Chuy’s by 1.3% during the 1st quarter. Northern Trust Corp now owns 232,386 shares of the restaurant operator’s stock valued at $6,089,000 after acquiring an additional 2,950 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Chuy’s by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 129,644 shares of the restaurant operator’s stock valued at $3,397,000 after purchasing an additional 3,076 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Chuy’s in the 2nd quarter valued at $233,000. Municipal Employees Retirement System of Michigan lifted its stake in shares of Chuy’s by 23.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,810 shares of the restaurant operator’s stock valued at $239,000 after purchasing an additional 1,470 shares during the period. Finally, Sawgrass Asset Management LLC acquired a new position in shares of Chuy’s in the 2nd quarter valued at $342,000.
In other Chuy’s news, Director Ira L. Zecher sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $27.53, for a total transaction of $41,295.00. Following the sale, the director now owns 3,774 shares of the company’s stock, valued at approximately $103,898.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.
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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