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

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

Chuy’s stock opened at $16.80 on Friday. The business has a 50-day simple moving average of $14.09 and a two-hundred day simple moving average of $21.27. The company has a market cap of $266.63 million, a P/E ratio of 43.28 and a beta of 1.75. Chuy’s has a 52-week low of $7.28 and a 52-week high of $29.45. The company has a quick ratio of 0.42, a current ratio of 0.46 and a debt-to-equity ratio of 1.10.

In other news, Director Randall M. Dewitt purchased 5,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average cost of $16.82 per share, for a total transaction of $84,100.00. Following the purchase, the director now directly owns 6,335 shares in the company, valued at approximately $106,554.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.70% of the company’s stock.

CHUY has been the subject of several recent analyst reports. BidaskClub raised Chuy’s from a “sell” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group boosted their target price on Chuy’s from $12.00 to $15.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Robert W. Baird decreased their target price on Chuy’s from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, March 6th. Zacks Investment Research lowered Chuy’s from a “buy” rating to a “hold” rating in a research report on Thursday, April 16th. Finally, ValuEngine lowered Chuy’s from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Chuy’s presently has a consensus rating of “Hold” and a consensus price target of $17.50.

Chuy’s Company Profile

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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