Q3 2017 EPS Estimates for Chuy’s Holdings, Inc. Lowered by Analyst (NASDAQ:CHUY)

Chuy’s Holdings, Inc. (NASDAQ:CHUY) – Research analysts at Wedbush lowered their Q3 2017 EPS estimates for shares of Chuy’s Holdings in a report released on Friday. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $0.23 for the quarter, down from their previous estimate of $0.27. Wedbush currently has a “Hold” rating and a $23.00 target price on the stock. Wedbush also issued estimates for Chuy’s Holdings’ FY2017 earnings at $1.04 EPS and Q3 2018 earnings at $0.26 EPS.

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CHUY has been the subject of a number of other reports. Zacks Investment Research lowered shares of Chuy’s Holdings from a “hold” rating to a “sell” rating in a research note on Monday, May 8th. Raymond James Financial, Inc. raised shares of Chuy’s Holdings to a “buy” rating in a research note on Sunday, July 23rd. Wells Fargo & Company lowered shares of Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $31.00 price target for the company. in a research note on Friday, May 19th. TheStreet lowered shares of Chuy’s Holdings from a “b-” rating to a “c” rating in a research note on Tuesday, June 20th. Finally, BMO Capital Markets reduced their price target on shares of Chuy’s Holdings from $31.00 to $24.00 and set a “market perform” rating for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.50.

Shares of Chuy’s Holdings (NASDAQ CHUY) opened at 21.05 on Monday. The company has a 50-day moving average of $23.68 and a 200-day moving average of $27.52. Chuy’s Holdings has a 12 month low of $20.25 and a 12 month high of $35.30. The firm has a market cap of $355.64 million, a P/E ratio of 20.64 and a beta of 0.01.

In other Chuy’s Holdings news, insider Sharon A. Russell sold 862 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $31.00, for a total value of $26,722.00. Following the transaction, the insider now owns 3,415 shares in the company, valued at approximately $105,865. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sharon A. Russell sold 1,138 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $31.00, for a total transaction of $35,278.00. Following the completion of the transaction, the insider now owns 3,115 shares in the company, valued at approximately $96,565. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneva Advisors LLC raised its position in Chuy’s Holdings by 53.0% in the second quarter. Geneva Advisors LLC now owns 47,705 shares of the restaurant operator’s stock valued at $1,116,000 after buying an additional 16,522 shares in the last quarter. Marshall Wace North America L.P. bought a new position in Chuy’s Holdings during the second quarter valued at $642,000. Frontier Capital Management Co. LLC raised its position in Chuy’s Holdings by 6.3% in the second quarter. Frontier Capital Management Co. LLC now owns 393,132 shares of the restaurant operator’s stock valued at $9,199,000 after buying an additional 23,356 shares in the last quarter. KBC Group NV raised its position in Chuy’s Holdings by 40.8% in the second quarter. KBC Group NV now owns 26,216 shares of the restaurant operator’s stock valued at $613,000 after buying an additional 7,597 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Chuy’s Holdings by 58.0% in the second quarter. BNP Paribas Arbitrage SA now owns 4,941 shares of the restaurant operator’s stock valued at $116,000 after buying an additional 1,813 shares in the last quarter. Hedge funds and other institutional investors own 98.37% of the company’s stock.

Chuy’s Holdings Company Profile

Chuy’s Holdings, Inc operates Chuy’s, a restaurant concept offering a distinct menu of authentic, freshly prepared Mexican and Tex-Mex inspired food. As of December 25, 2016, the Company operated 80 Chuy’s restaurants across 16 states. The Company offers the same menu during lunch and dinner, which includes enchiladas, fajitas, tacos, burritos, combination platters and daily specials, complemented by a range of appetizers, soups and salads.

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

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