T. Rowe Price Investment Manageme recently announced the acquisition of new stake in Chuy’s Holdings Inc. (NASDAQ:CHUY). This fresh investment now brings its stake to 14.98% valued currently at $76.28 million. In addition, Westwood Management Corp. raised its holdings by 93893.0 to 1.19 million shares. And Macquarie Investment Management B has lifted its position by 0.21% or 1932.0 shares – to 0.94 million shares.
With over 0.13 million Chuy’s Holdings Inc. (CHUY) shares trading Tuesday and a closing price of $34.01 on the day, the dollar volume was approximately $4.47 million. The shares have shown a positive half year performance of 59.37% and its price on 01/24/23 lost nearly -0.35%. Currently, there are 18.68M common shares owned by the public and among those 17.76M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 8 analysts who have offered their price forecasts for CHUY have a consensus price objective of $32.50. The analysts have set the share’s price value over the next 12 months at a high of $38.00 and a low of $28.00. The average price target is -7.97% below its recent price level and a downside to the estimated low will see the stock lose -21.46% over that period. But an upside of 10.5% will see the stock hit the forecast high price target while median target price for the stock is $33.00.
Insiders at the company have transacted a total of 51 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 33 of these insider trades were purchases, accounting for 68,668 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 31,617 shares.
The top 3 mutual fund holders in Chuy’s Holdings Inc. are iShares Core S&P Small Cap ETF, T Rowe Price Small Cap Stock Fund, and Delaware Small Cap Core Fund. iShares Core S&P Small Cap ETF owns 1.33 million shares of the company’s stock, all valued at over $37.68 million. The company sold 1008.0 shares recently to bring their total holdings to about 7.40% of the shares outstanding. T Rowe Price Small Cap Stock Fund sold 3000.0 shares to see its total holdings shrink to 1.1 million shares valued at over $31.15 million and representing 6.12% of the shares outstanding. Delaware Small Cap Core Fund now owns shares totaling to 4.26% of the shares outstanding.
Shares of Chuy’s Holdings Inc. (NASDAQ: CHUY) opened at $34.15, up $0.02 from a prior closing price of $34.13. However, the script later moved the day high at 34.84, down -0.35%. The company’s stock has a 5-day price change of 3.00% and 28.00% over the past three months. CHUY shares are trading 20.18% year to date (YTD), with the 12-month market performance up to 40.13% higher. It has a 12-month low price of $18.64 and touched a high of $34.64 over the same period. CHUY has an average intraday trading volume of 95.05K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.25%, 9.55%, and 34.79% respectively.
Institutional ownership of Chuy’s Holdings Inc. (NASDAQ: CHUY) 18.68M shares outstanding. Mutual fund holders own 36.55%, while other institutional holders and individual stakeholders account for 64.27% and 26.45% respectively.
It has a market capitalization of $585.99M and a beta (3y monthly) value of 1.70. The stock’s trailing 12-month PE ratio is 26.82, while the earnings-per-share (ttm) stands at $1.27. The company has a PEG of 1.79 and a Quick Ratio of 2.10 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.79% over the week and 3.78% over the month.
Analysts forecast that Chuy’s Holdings Inc. (CHUY) will achieve an EPS of $0.25 for the current quarter, $0.18 for the next quarter and $1.41 for 2023. The lowest estimate earnings-per-share for the quarter is $0.23 while analysts give the company a high EPS estimate of $0.29. Comparatively, EPS for the current quarter was $0.45 a year ago. Earnings per share for the fiscal year are expected to increase by 939.30%, and 12.38% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to 8.00% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 8 brokerage firm advisors rate Chuy’s Holdings Inc. (CHUY) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 4 of the 8 advise that investors “hold,” and 0 rated it as a “Sell.”
Stephens coverage for the Chuy’s Holdings Inc. (CHUY) stock in a research note released on September 23, 2022 offered a Overweight rating with a price target of $27. Jefferies on their part issued Buy rating on September 24, 2021.