Chuy’s (NASDAQ:CHUY) Updates FY 2024 Earnings Guidance

Chuy’s (NASDAQ:CHUY) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.820-1.870 for the period, compared to the consensus earnings per share estimate of 1.850. The company issued revenue guidance of -. Chuy’s also updated its FY24 guidance to $1.82-$1.87 EPS.

Chuy’s Stock Up 1.9 %

NASDAQ:CHUY traded up $0.56 on Thursday, hitting $29.72. The stock had a trading volume of 141,612 shares, compared to its average volume of 129,588. The business’s 50-day simple moving average is $32.17 and its two-hundred day simple moving average is $33.98. Chuy’s has a 52-week low of $28.73 and a 52-week high of $43.17. The stock has a market cap of $512.08 million, a price-to-earnings ratio of 17.08 and a beta of 1.68.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. The business had revenue of $116.30 million for the quarter, compared to analysts’ expectations of $116.63 million. Chuy’s had a net margin of 6.83% and a return on equity of 13.96%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. As a group, equities research analysts anticipate that Chuy’s will post 1.85 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on CHUY. Piper Sandler decreased their target price on shares of Chuy’s from $39.00 to $35.00 and set a neutral rating on the stock in a research note on Friday, February 23rd. Wedbush cut their price target on Chuy’s from $41.00 to $38.00 and set an outperform rating for the company in a research note on Friday, February 23rd. Stephens started coverage on Chuy’s in a research report on Friday, April 12th. They issued an overweight rating and a $40.00 price objective on the stock. Finally, StockNews.com upgraded Chuy’s from a hold rating to a buy rating in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average 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.