Chuy’s (CHUY) Lowered to Hold at BidaskClub

Chuy’s (NASDAQ:CHUY) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday, March 15th.

A number of other equities research analysts also recently issued reports on CHUY. BMO Capital Markets increased their price target on Chuy’s to $30.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 10th. Telsey Advisory Group reissued a “market perform” rating and set a $29.00 price target (up previously from $23.00) on shares of Chuy’s in a research report on Wednesday, February 28th. Wedbush reissued a “hold” rating and set a $25.00 price target on shares of Chuy’s in a research report on Friday, March 9th. ValuEngine downgraded Chuy’s from a “hold” rating to a “sell” rating in a research report on Saturday, March 10th. Finally, Zacks Investment Research downgraded Chuy’s from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $27.20.

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Shares of Chuy’s stock traded down $0.30 on Thursday, hitting $26.60. The stock had a trading volume of 68,609 shares, compared to its average volume of 148,223. The company has a market capitalization of $456.38, a price-to-earnings ratio of 27.71, a PEG ratio of 1.49 and a beta of -0.33. Chuy’s has a twelve month low of $18.00 and a twelve month high of $32.10.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings results on Thursday, March 8th. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). The company had revenue of $96.02 million for the quarter, compared to analyst estimates of $95.80 million. Chuy’s had a return on equity of 9.40% and a net margin of 7.83%. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 EPS. sell-side analysts predict that Chuy’s will post 1.11 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC lifted its stake in Chuy’s by 15.1% during the second quarter. Voya Investment Management LLC now owns 9,004 shares of the restaurant operator’s stock worth $211,000 after purchasing an additional 1,178 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Chuy’s by 59.7% during the third quarter. Municipal Employees Retirement System of Michigan now owns 6,340 shares of the restaurant operator’s stock worth $133,000 after purchasing an additional 2,370 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Chuy’s by 71.8% during the third quarter. BNP Paribas Arbitrage SA now owns 8,488 shares of the restaurant operator’s stock worth $179,000 after purchasing an additional 3,547 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Chuy’s by 4.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 87,696 shares of the restaurant operator’s stock worth $2,460,000 after purchasing an additional 3,561 shares during the last quarter. Finally, Stevens Capital Management LP lifted its stake in Chuy’s by 50.1% during the third quarter. Stevens Capital Management LP now owns 13,180 shares of the restaurant operator’s stock worth $277,000 after purchasing an additional 4,397 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

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About Chuy’s

Chuy's Holdings, Inc, through its subsidiaries, owns and operates restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 31, 2017, the company operated 91 Chuy's restaurants in 19 states. Chuy's Holdings, Inc was founded in 1982 and is headquartered in Austin, Texas.

Analyst Recommendations for Chuy`s (NASDAQ:CHUY)

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