Wedbush Reaffirms Hold Rating for Chuy’s (CHUY)

Wedbush reiterated their hold rating on shares of Chuy’s (NASDAQ:CHUY) in a research note published on Wednesday, May 8th, AnalystRatings.com reports. Wedbush also issued estimates for Chuy’s’ Q3 2019 earnings at $0.20 EPS, Q1 2020 earnings at $0.24 EPS, Q2 2020 earnings at $0.38 EPS, Q3 2020 earnings at $0.21 EPS, Q4 2020 earnings at $0.12 EPS and FY2020 earnings at $0.95 EPS.

“We expect FL to report 1Q19 earnings on 5/24, BMO. Ahead of the report, we are reiterating our BUY rating and $75 price target. FL recently unveiled its L-T financial framework/initiatives it believes will help drive a five-year MSD% top-line CAGR. We continue to believe FL will remain an important partner to top vendors and, as such, believe the guidance should be achievable. With shares trading at an attractive ~10.5x our FY19E EPS, we believe Foot Locker stands to benefit from multiple expansion as investors gain more confidence in the company’s ability to drive the top line. Shares have been pressured recently and trade at an attractive ~10.5x our FY19E EPS, in our view. Over the past 30 days, shares have returned -14% vs. the S&P 500 ~flat.”,” the firm’s analyst commented.

Several other research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Chuy’s from a hold rating to a sell rating in a research note on Thursday, April 11th. ValuEngine cut shares of Chuy’s from a hold rating to a sell rating in a report on Monday, February 25th. Finally, Zacks Investment Research raised shares of Chuy’s from a strong sell rating to a hold rating in a report on Monday, February 4th. One research 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’s stock. The stock presently has an average rating of Hold and an average target price of $28.57.

CHUY stock opened at $22.12 on Wednesday. Chuy’s has a 12-month low of $17.03 and a 12-month high of $34.10. The stock has a market capitalization of $364.48 million, a price-to-earnings ratio of 25.14, a PEG ratio of 1.34 and a beta of 0.34. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.49 and a current ratio of 0.54.

Chuy’s (NASDAQ:CHUY) last announced its earnings results on Tuesday, May 7th. The restaurant operator reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $102.10 million for the quarter, compared to analyst estimates of $101.84 million. Chuy’s had a net margin of 1.37% and a return on equity of 7.89%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS. As a group, equities analysts predict that Chuy’s will post 0.92 EPS for the current year.

In other news, Director Ira L. Zecher sold 1,500 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $22.60, for a total value of $33,900.00. Following the completion of the sale, the director now directly owns 2,237 shares of the company’s stock, valued at $50,556.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Several large investors have recently modified their holdings of CHUY. Clearbridge Investments LLC boosted its position in shares of Chuy’s by 941,654.8% during the third quarter. Clearbridge Investments LLC now owns 583,888 shares of the restaurant operator’s stock worth $15,327,000 after acquiring an additional 583,826 shares during the last quarter. SG Capital Management LLC bought a new position in shares of Chuy’s during the first quarter worth $7,283,000. Wasatch Advisors Inc. boosted its position in shares of Chuy’s by 15.0% during the first quarter. Wasatch Advisors Inc. now owns 1,720,632 shares of the restaurant operator’s stock worth $39,179,000 after acquiring an additional 223,870 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Chuy’s by 313.5% during the first quarter. Marshall Wace LLP now owns 278,516 shares of the restaurant operator’s stock worth $6,342,000 after acquiring an additional 211,159 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of Chuy’s by 253.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 163,964 shares of the restaurant operator’s stock worth $2,909,000 after acquiring an additional 117,627 shares during the last quarter.

About Chuy’s

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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Analyst Recommendations for Chuy`s (NASDAQ:CHUY)

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