Chuy’s Holdings Inc. (CHUY) Lowered to Sell at Zacks Investment Research
Chuy’s Holdings Inc. (NASDAQ:CHUY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
According to Zacks, “Chuy’s Holdings, Inc. owns and operates full-service restaurants serving a distinct menu of authentic Mexican food. The Company offers menu which includes appetizers, soups and salads, tacos, burritos, enchiladas, fajitas and combination platters. It operates chains throughout Texas, Alabama, Indiana, Kentucky, and Tennessee. Chuy’s Holdings, Inc. is headquartered in Austin, Texas. “
CHUY has been the subject of several other research reports. BMO Capital Markets restated a “hold” rating and set a $34.00 price objective on shares of Chuy’s Holdings in a research report on Wednesday, August 3rd. TheStreet lowered shares of Chuy’s Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, September 29th. Robert W. Baird restated a “neutral” rating on shares of Chuy’s Holdings in a research report on Thursday, September 8th. Stifel Nicolaus lowered shares of Chuy’s Holdings from a “buy” rating to a “hold” rating and reduced their price objective for the company from $45.00 to $32.00 in a research report on Tuesday, July 26th. Finally, Telsey Advisory Group cut shares of Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $34.67.
Chuy’s Holdings (NASDAQ:CHUY) traded down 1.75% during midday trading on Tuesday, reaching $27.46. 231,791 shares of the company’s stock traded hands. Chuy’s Holdings has a 52 week low of $26.92 and a 52 week high of $37.78. The stock has a market capitalization of $461.16 million and a price-to-earnings ratio of 31.89. The company’s 50-day moving average price is $29.75 and its 200 day moving average price is $32.16.
Chuy’s Holdings (NASDAQ:CHUY) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Chuy’s Holdings had a net margin of 4.70% and a return on equity of 12.59%. The company earned $87.90 million during the quarter, compared to analyst estimates of $87.45 million. During the same quarter last year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities research analysts expect that Chuy’s Holdings will post $1.08 earnings per share for the current year.
In other news, Director Michael Roger Young sold 1,000 shares of the stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $34.09, for a total value of $34,090.00. Following the completion of the sale, the director now directly owns 862 shares of the company’s stock, valued at $29,385.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of CHUY. Stephens Inc. AR raised its stake in Chuy’s Holdings by 7.3% in the second quarter. Stephens Inc. AR now owns 68,945 shares of the company’s stock worth $2,386,000 after buying an additional 4,679 shares during the period. Geode Capital Management LLC raised its stake in Chuy’s Holdings by 5.9% in the first quarter. Geode Capital Management LLC now owns 108,230 shares of the company’s stock worth $3,362,000 after buying an additional 6,009 shares during the period. GW&K Investment Management LLC raised its stake in Chuy’s Holdings by 11.4% in the second quarter. GW&K Investment Management LLC now owns 131,869 shares of the company’s stock worth $4,564,000 after buying an additional 13,461 shares during the period. Menta Capital LLC raised its stake in Chuy’s Holdings by 83.6% in the first quarter. Menta Capital LLC now owns 15,761 shares of the company’s stock worth $490,000 after buying an additional 7,178 shares during the period. Finally, Bank of Montreal Can bought a new stake in Chuy’s Holdings during the second quarter worth about $426,000.
About Chuy’s Holdings
Chuy’s Holdings, Inc is a full-service restaurant concept company offering a menu of Mexican and Tex Mex inspired food. The Company operates through full-service, casual dining, Mexican food restaurants segment. The Company operates its restaurants under the name Chuy’s. The Company operates approximately 70 Chuy’s restaurants across 14 states.
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