Chuy’s (NASDAQ:CHUY) Issues Earnings Results, Beats Estimates By $0.04 EPS

Chuy’s (NASDAQ:CHUY) announced its quarterly earnings results on Thursday. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.04, MarketWatch Earnings reports. The firm had revenue of $94.50 million during the quarter, compared to the consensus estimate of $93.74 million. Chuy’s had a return on equity of 9.00% and a net margin of 1.46%. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 earnings per share.

Chuy’s stock opened at $15.58 on Friday. Chuy’s has a 12 month low of $7.28 and a 12 month high of $29.45. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.46 and a quick ratio of 0.42. The business has a 50 day simple moving average of $14.09 and a 200-day simple moving average of $21.27. The stock has a market capitalization of $266.63 million, a PE ratio of 45.00 and a beta of 1.75.

In other Chuy’s news, Director Randall M. Dewitt acquired 5,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was purchased at an average price of $16.82 per share, for a total transaction of $84,100.00. Following the completion of the transaction, the director now owns 6,335 shares of the company’s stock, valued at approximately $106,554.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.70% of the company’s stock.

CHUY has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their price target on Chuy’s from $20.00 to $18.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Raymond James reiterated an “outperform” rating and issued a $20.00 price objective (up previously from $17.00) on shares of Chuy’s in a research note on Friday. Wedbush boosted their price objective on Chuy’s from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday. Telsey Advisory Group reduced their price objective on Chuy’s from $22.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday. Finally, ValuEngine cut Chuy’s from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.50.

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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Earnings History for Chuy`s (NASDAQ:CHUY)

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