Chuy’s (CHUY) Downgraded to “Sell” at ValuEngine

ValuEngine downgraded shares of Chuy’s (NASDAQ:CHUY) from a hold rating to a sell rating in a report published on Wednesday.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus upped their price target on shares of Chuy’s from $26.00 to $31.00 and gave the company a hold rating in a research note on Thursday, July 12th. Telsey Advisory Group decreased their price target on shares of Chuy’s from $29.00 to $24.00 and set a market perform rating on the stock in a research note on Wednesday. BMO Capital Markets downgraded shares of Chuy’s from an outperform rating to a market perform rating and decreased their price target for the company from $28.00 to $23.00 in a research note on Monday, September 24th. BidaskClub downgraded shares of Chuy’s from a strong-buy rating to a buy rating in a research note on Wednesday, July 11th. Finally, Zacks Investment Research downgraded shares of Chuy’s from a hold rating to a sell rating in a research note on Tuesday, July 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $28.57.

Shares of CHUY stock traded down $0.16 on Wednesday, hitting $20.35. The company’s stock had a trading volume of 8,638 shares, compared to its average volume of 134,186. Chuy’s has a fifty-two week low of $20.02 and a fifty-two week high of $34.10. The company has a market capitalization of $444.33 million, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.38 and a beta of -0.15.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings results on Tuesday, November 6th. The restaurant operator reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.09). Chuy’s had a net margin of 4.53% and a return on equity of 8.47%. The business had revenue of $101.20 million during the quarter, compared to analyst estimates of $104.57 million. During the same quarter last year, the company posted $0.19 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. On average, equities research analysts anticipate that Chuy’s will post 1.09 earnings per share for the current fiscal year.

In other Chuy’s news, Director Ira L. Zecher sold 1,500 shares of the stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $27.53, for a total transaction of $41,295.00. Following the sale, the director now directly owns 3,774 shares in the company, valued at $103,898.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CHUY. Piedmont Investment Advisors LLC acquired a new stake in Chuy’s during the second quarter worth about $121,000. SG Americas Securities LLC bought a new position in shares of Chuy’s in the second quarter worth about $129,000. Louisiana State Employees Retirement System bought a new position in shares of Chuy’s in the second quarter worth about $233,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Chuy’s by 23.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,810 shares of the restaurant operator’s stock worth $239,000 after acquiring an additional 1,470 shares during the last quarter. Finally, Sawgrass Asset Management LLC bought a new position in shares of Chuy’s in the second quarter worth about $342,000.

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.

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