Chuy’s (NASDAQ:CHUY) Releases FY24 Earnings Guidance

Chuy’s (NASDAQ:CHUY) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.82-$1.87 for the period, compared to the consensus estimate of $1.85.

Chuy’s Stock Up 1.9 %

CHUY traded up $0.56 during trading hours on Thursday, hitting $29.72. The stock had a trading volume of 141,612 shares, compared to its average volume of 129,236. The stock has a market cap of $512.08 million, a PE ratio of 16.74 and a beta of 1.68. Chuy’s has a 1 year low of $28.73 and a 1 year high of $43.17. The company’s fifty day simple moving average is $32.17 and its 200 day simple moving average is $33.98.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.07. The firm had revenue of $116.30 million for 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 company’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. As a group, equities analysts expect that Chuy’s will post 1.85 EPS for the current year.

Wall Street Analyst Weigh In

CHUY has been the topic of a number of recent research reports. Stephens assumed coverage on Chuy’s in a research note on Friday, April 12th. They set an overweight rating and a $40.00 price objective on the stock. Wedbush lowered their price objective on Chuy’s from $41.00 to $38.00 and set an outperform rating for the company in a research report on Friday, February 23rd. StockNews.com upgraded shares of Chuy’s from a hold rating to a buy rating in a report on Friday, May 3rd. Finally, Piper Sandler dropped their price target on shares of Chuy’s from $39.00 to $35.00 and set a neutral rating for the company in a research report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $39.71.

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.