Chuy’s (CHUY) Downgraded to Equal Weight at Stephens

Stephens lowered shares of Chuy’s (NASDAQ:CHUY) from an overweight rating to an equal weight rating in a research report report published on Wednesday morning, Marketbeat.com reports. They currently have $32.00 target price on the restaurant operator’s stock, down from their prior target price of $34.00.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research upgraded Chuy’s from a hold rating to a buy rating and set a $35.00 target price for the company in a report on Monday, August 6th. BidaskClub upgraded Chuy’s from a buy rating to a strong-buy rating in a report on Friday, June 1st. Raymond James lowered Chuy’s from an outperform rating to a market perform rating in a report on Tuesday, July 17th. They noted that the move was a valuation call. ValuEngine lowered Chuy’s from a buy rating to a hold rating in a report on Friday, August 10th. Finally, Wedbush reduced their target price on Chuy’s from $29.00 to $28.00 and set a neutral rating for the company in a report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $29.50.

CHUY opened at $27.45 on Wednesday. Chuy’s has a twelve month low of $19.03 and a twelve month high of $34.10. The company has a market capitalization of $460.94 million, a P/E ratio of 28.63, a P/E/G ratio of 1.42 and a beta of -0.26.

Chuy’s (NASDAQ:CHUY) last posted its earnings results on Thursday, August 9th. The restaurant operator reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. Chuy’s had a return on equity of 8.32% and a net margin of 7.39%. The firm had revenue of $106.30 million during the quarter, compared to analyst estimates of $106.05 million. During the same period in the previous year, the company earned $0.31 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. analysts predict that Chuy’s will post 1.1 earnings per share for the current year.

In other Chuy’s news, Director Ira L. Zecher sold 1,500 shares of Chuy’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $27.53, for a total value of $41,295.00. Following the transaction, the director now directly owns 3,774 shares of the company’s stock, valued at approximately $103,898.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Municipal Employees Retirement System of Michigan increased its position in Chuy’s by 23.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,810 shares of the restaurant operator’s stock worth $239,000 after buying an additional 1,470 shares during the period. Swiss National Bank increased its position in shares of Chuy’s by 6.9% during the first quarter. Swiss National Bank now owns 29,500 shares of the restaurant operator’s stock valued at $773,000 after purchasing an additional 1,900 shares during the period. Northern Trust Corp increased its position in shares of Chuy’s by 1.3% during the first quarter. Northern Trust Corp now owns 232,386 shares of the restaurant operator’s stock valued at $6,089,000 after purchasing an additional 2,950 shares during the period. Principal Financial Group Inc. increased its position in shares of Chuy’s by 2.4% during the first quarter. Principal Financial Group Inc. now owns 129,644 shares of the restaurant operator’s stock valued at $3,397,000 after purchasing an additional 3,076 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Chuy’s during the second quarter valued at approximately $121,000.

Chuy’s Company Profile

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.

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Analyst Recommendations for Chuy`s (NASDAQ:CHUY)

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