Chuy's (NASDAQ:CHUY) Sets New 52-Week Low at $29.96

Chuy's Holdings, Inc. (NASDAQ:CHUY - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $29.96 and last traded at $30.18, with a volume of 4278 shares trading hands. The stock had previously closed at $30.53.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CHUY shares. Piper Sandler reduced their price objective on Chuy's from $39.00 to $35.00 and set a "neutral" rating for the company in a research note on Friday, February 23rd. Wedbush lowered their price target on Chuy's from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, February 23rd. StockNews.com cut Chuy's from a "buy" rating to a "hold" rating in a report on Friday, March 1st. Finally, Stephens started coverage on Chuy's in a report on Friday, April 12th. They issued an "overweight" rating and a $40.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.71.

Chuy's Trading Down 1.8 %

The firm has a fifty day simple moving average of $33.10 and a two-hundred day simple moving average of $34.24. The firm has a market cap of $519.55 million, a PE ratio of 17.26 and a beta of 1.63.

Chuy's (NASDAQ:CHUY - Get Free Report) last released its earnings results on Thursday, February 22nd. The restaurant operator reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.07. The company had revenue of $116.30 million during the quarter, compared to analysts' expectations of $116.63 million. Chuy's had a return on equity of 13.96% and a net margin of 6.83%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. Equities analysts expect that Chuy's Holdings, Inc. will post 1.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wakefield Asset Management LLLP purchased a new position in shares of Chuy's in the 4th quarter valued at approximately $872,000. WINTON GROUP Ltd raised its stake in Chuy's by 115.3% during the third quarter. WINTON GROUP Ltd now owns 12,071 shares of the restaurant operator's stock valued at $429,000 after buying an additional 6,465 shares during the last quarter. First Eagle Investment Management LLC raised its stake in Chuy's by 20.1% during the third quarter. First Eagle Investment Management LLC now owns 251,134 shares of the restaurant operator's stock valued at $8,935,000 after buying an additional 42,063 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Chuy's by 14.6% during the third quarter. Teacher Retirement System of Texas now owns 33,609 shares of the restaurant operator's stock valued at $1,196,000 after buying an additional 4,273 shares during the last quarter. Finally, Congress Asset Management Co. MA raised its stake in Chuy's by 69.7% during the third quarter. Congress Asset Management Co. MA now owns 657,436 shares of the restaurant operator's stock valued at $23,392,000 after buying an additional 269,979 shares during the last quarter. Hedge funds and other institutional investors own 99.92% of the company's stock.

About Chuy's

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.