Chuy’s (NASDAQ:CHUY) Upgraded by Jefferies Financial Group to Buy

Jefferies Financial Group upgraded shares of Chuy’s (NASDAQ:CHUY) from a hold rating to a buy rating in a research report report published on Friday, PriceTargets.com reports. They currently have $41.00 price target on the restaurant operator’s stock, up from their prior price target of $36.00.

Several other equities analysts have also commented on CHUY. Wedbush decreased their price objective on shares of Chuy’s from $50.00 to $40.00 and set an outperform rating on the stock in a report on Wednesday, August 25th. They noted that the move was a valuation call. Stephens cut their target price on shares of Chuy’s from $44.00 to $40.00 and set an equal weight rating on the stock in a research note on Wednesday, June 9th. Zacks Investment Research downgraded shares of Chuy’s from a buy rating to a hold rating in a research note on Tuesday, August 3rd. Finally, TheStreet downgraded shares of Chuy’s from a b- rating to a c+ rating in a research note on Wednesday, July 14th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Chuy’s has a consensus rating of Hold and a consensus price target of $42.63.

Shares of CHUY stock opened at $33.22 on Friday. The firm’s 50 day moving average price is $32.00 and its 200-day moving average price is $38.40. Chuy’s has a one year low of $18.86 and a one year high of $49.99. The firm has a market cap of $664.30 million, a P/E ratio of 29.40 and a beta of 2.17.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings data on Thursday, August 5th. The restaurant operator reported $0.62 EPS for the quarter, topping the consensus estimate of $0.48 by $0.14. Chuy’s had a net margin of 6.39% and a return on equity of 12.49%. The firm had revenue of $108.15 million for the quarter, compared to analyst estimates of $102.28 million. Analysts forecast that Chuy’s will post 1.75 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in CHUY. Westwood Holdings Group Inc. purchased a new stake in shares of Chuy’s in the 1st quarter valued at approximately $25,883,000. Redwood Investments LLC purchased a new stake in shares of Chuy’s in the 2nd quarter valued at approximately $7,952,000. Lisanti Capital Growth LLC purchased a new stake in shares of Chuy’s in the 1st quarter valued at approximately $7,438,000. BlackRock Inc. increased its position in shares of Chuy’s by 4.1% in the 1st quarter. BlackRock Inc. now owns 3,218,821 shares of the restaurant operator’s stock valued at $142,656,000 after purchasing an additional 125,811 shares during the last quarter. Finally, Putnam Investments LLC increased its position in shares of Chuy’s by 59.9% in the 1st quarter. Putnam Investments LLC now owns 307,024 shares of the restaurant operator’s stock valued at $13,607,000 after purchasing an additional 115,063 shares during the last quarter. 99.26% of the stock is currently owned by institutional investors.

About Chuy’s

Chuy’s Holdings, Inc engages in the ownership and operation of full-service restaurants serving a distinct menu of authentic Mexican and Tex-Mex inspired food. Its menu includes enchiladas, fajitas, rellenos, tacos, burritos, combination platters and daily specials, complemented by a variety of appetizers, soups, and salads.

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Analyst Recommendations for Chuy`s (NASDAQ:CHUY)

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