Chuy's Holdings Inc (CHUY) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.31. The company posted revenue of $87.90 million in the period, compared to analysts expectations of $87.23 million. The company’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on Chuy's Holdings Inc. Telsey Advisory Group Downgraded Chuy's Holdings Inc on Jul 26, 2016 to ” Market Perform”, Price Target of the shares are set at $38.Chuy's Holdings Inc was Downgraded by Stifel to ” Hold” on Jul 26, 2016.
Chuy's Holdings Inc opened for trading at $33.34 and hit $33.97 on the upside on Friday, eventually ending the session at $33.72, with a gain of 0.78% or 0.26 points. The heightened volatility saw the trading volume jump to 1,73,010 shares. Company has a market cap of $558 M.
In a different news, on Jul 13, 2016, Michael Roger Young (director) sold 3,000 shares at $34.54 per share price. According to the SEC, on Jun 28, 2016, Steven J. Hislop (President & CEO) sold 6,295 shares at $34.04 per share price. On Mar 10, 2016, Sharon A. Russell (Secretary and CAO) sold 2,000 shares at $33.26 per share price, according to the Form-4 filing with the securities and exchange commission.
Chuy’s Holdings Inc. is a full service restaurant concept company offering a menu of Mexican and Tex Mex inspired food. The Company operates its restaurants under the name Chuy’s. As of December 28 2014 the Company operated 59 Chuy’s restaurants across 14 states. The Company offers lunch and dinner which includes enchiladas fajitas tacos burritos combination platters and daily specials variety of appetizers and soups and salads. Each of its restaurants also offers a variety of homemade sauces including Hatch green chile and creamy jalapeno sauces. It also offers a bar in all of its restaurants providing its customers a variety of beverage offerings featuring a selection of specialty cocktails including its on-the-rocks margaritas made with fresh hand-squeezed lime juice and the Texas Martini a made-to-order hand-shaken cocktail served with jalapeno-stuffed olives.