Wall Street brokerages forecast that Chuy’s Holdings, Inc. (NASDAQ:CHUY) will report $94.70 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Chuy’s Holdings’ earnings, with the highest sales estimate coming in at $97.39 million and the lowest estimate coming in at $92.24 million. Chuy’s Holdings reported sales of $85.60 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.6%. The company is expected to announce its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Chuy’s Holdings will report full-year sales of $94.70 million for the current fiscal year, with estimates ranging from $368.76 million to $381.29 million. For the next year, analysts expect that the business will post sales of $418.51 million per share, with estimates ranging from $407.44 million to $448.10 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Chuy’s Holdings.
A number of brokerages have recently weighed in on CHUY. BMO Capital Markets dropped their price objective 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, August 4th. Wedbush reiterated a “hold” rating and issued a $23.00 price target on shares of Chuy’s Holdings in a report on Sunday, July 30th. BidaskClub lowered shares of Chuy’s Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Raymond James Financial, Inc. upgraded shares of Chuy’s Holdings to a “buy” rating in a report on Sunday, July 23rd. Finally, Stephens decreased their price target on shares of Chuy’s Holdings from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $28.50.
Shares of Chuy’s Holdings (CHUY) opened at 20.80 on Wednesday. The firm’s 50-day moving average price is $23.38 and its 200 day moving average price is $27.40. The stock has a market capitalization of $351.42 million, a price-to-earnings ratio of 20.39 and a beta of 0.01. Chuy’s Holdings has a 1-year low of $20.26 and a 1-year high of $35.30.
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In related news, insider Sharon A. Russell sold 1,138 shares of Chuy’s Holdings stock in a transaction 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 transaction, the insider now owns 3,115 shares in the company, valued at approximately $96,565. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its stake in Chuy’s Holdings by 43.2% in the fourth quarter. Macquarie Group Ltd. now owns 323,882 shares of the restaurant operator’s stock valued at $10,510,000 after buying an additional 97,725 shares during the period. Louisiana State Employees Retirement System increased its stake in Chuy’s Holdings by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 6,900 shares of the restaurant operator’s stock valued at $206,000 after buying an additional 100 shares during the period. Stephens Investment Management Group LLC increased its stake in Chuy’s Holdings by 2.6% in the first quarter. Stephens Investment Management Group LLC now owns 1,139,533 shares of the restaurant operator’s stock valued at $33,958,000 after buying an additional 28,705 shares during the period. Mesirow Financial Investment Management Equity Management purchased a new stake in Chuy’s Holdings during the first quarter valued at about $401,000. Finally, Dimensional Fund Advisors LP increased its stake in Chuy’s Holdings by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 657,371 shares of the restaurant operator’s stock valued at $21,332,000 after buying an additional 12,512 shares during the period. 98.37% of the stock is currently owned by hedge funds and other institutional investors.
About Chuy’s Holdings
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.
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