Chuy’s (NASDAQ:CHUY) has been given a Neutral rating by Wedbush

Chuy’s (NASDAQ:CHUY – Get Free Report)‘s shares were re-rated as “neutral” by Wedbush in a note issued to investors on Monday, Benzinga reports. They currently have a price target of $37.50 per share on the restaurant operator, down from their previous price target of $38.00. Wedbush’s price target indicates a potential upside of 1.13% from the company’s previous close.

Several other research analysts have also recently commented on the stock. Benchmark re-issued a “buy” rating and set a $41.00 price target on shares of Chuy’s in a research note on Thursday. Stephens re-issued an “equal weight” rating and set a $37.50 price target on shares of Chuy’s (up from $36.00) in a research note on Friday. Stifel Nicolaus lowered their price target on shares of Chuy’s from $36.00 to $32.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14. Piper Sandler lowered their price target on shares of Chuy’s from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, May 13. Finally, StockNews.com lowered shares of Chuy’s from a “buy” rating to a “hold” rating in a research note on Saturday, May 11. Seven investment analysts have rated the stock a “hold,” while one has issued a “buy” rating for the company. The company has an average rating of “Hold” and a consensus price target of $34.71, based on data from MarketBeat.

Read our latest analysis of Chuy’s shares

Chuy’s price performance

Chuy’s shares opened at $37.08 on Monday. The company’s 50 day simple moving average is $26.33, and its 200-day simple moving average is $30.63. The stock has a market capitalization of $638.89 million, a P/E ratio of 21.94 and a beta of 1.76. Chuy’s has a one-year low of $22.52 and a one-year high of $42.89.

Chuy’s (NASDAQ:CHUY – Get Free Report) last released its quarterly financial results on Thursday, May 9. The restaurant operator reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $110.50 million for the quarter, compared to analysts’ expectations of $111.67 million. Chuy’s had a net margin of 6.58% and a return on equity of 13.51%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share. Research analysts are predicting that Chuy’s will post 1.84 earnings per share for the current year.

Chuy’s Institutional Trading

Several hedge funds recently bought and sold shares of CHUY. Public Employees Retirement System of Ohio increased its holdings in Chuy’s by 16.8% in Q3. Public Employees Retirement System of Ohio now owns 52,281 shares of the restaurant operator’s stock worth $1,860,000 after purchasing an additional 7,511 shares in the last quarter. Wakefield Asset Management LLLP bought a new stake in Chuy’s in Q4 worth approximately $872,000. Louisiana State Employees Retirement System bought a new stake in Chuy’s in Q4 worth approximately $333,000. Russell Investments Group Ltd. increased its holdings in shares of Chuy’s by 3.0% in Q4. Russell Investments Group Ltd. now owns 49,250 shares of the restaurant operator’s stock worth $1,883,000 after purchasing an additional 1,426 shares in the last quarter. Finally, AJOVista LLC bought a new stake in Chuy’s in the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 99.92% of the company’s shares.

About Chuy’s

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Chuy’s Holdings, Inc., through its subsidiaries, owns and operates full-service restaurants under the Chuy’s name in the United States. The company was founded in 1982 and is headquartered in Austin, Texas.

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