TheStreet Lowers Chuy’s (NASDAQ:CHUY) to C

Chuy’s (NASDAQ:CHUY) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c” rating in a research note issued to investors on Thursday, TheStreetRatingsTable reports.

A number of other research firms have also commented on CHUY. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $26.00 price objective (up previously from $23.00) on shares of Chuy’s in a research note on Friday, August 9th. Zacks Investment Research lowered shares of Chuy’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Wedbush reaffirmed a “hold” rating and issued a $24.50 price objective on shares of Chuy’s in a research note on Friday. ValuEngine lowered shares of Chuy’s from a “hold” rating to a “sell” rating in a research note on Friday. Finally, BMO Capital Markets increased their target price on shares of Chuy’s from $18.00 to $19.00 and gave the stock an “underperform” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Chuy’s has a consensus rating of “Hold” and an average target price of $24.13.

Shares of Chuy’s stock traded up $3.44 on Thursday, hitting $27.76. The company had a trading volume of 648,600 shares, compared to its average volume of 163,772. The business has a 50-day simple moving average of $24.24 and a 200-day simple moving average of $23.31. Chuy’s has a 52 week low of $17.03 and a 52 week high of $29.16. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.57 and a quick ratio of 0.52. The company has a market cap of $417.98 million, a PE ratio of 31.55, a PEG ratio of 1.51 and a beta of 0.23.

Chuy’s (NASDAQ:CHUY) last posted its quarterly earnings data on Thursday, November 7th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. Chuy’s had a net margin of 1.30% and a return on equity of 8.21%. The firm had revenue of $109.08 million during the quarter, compared to analyst estimates of $108.88 million. During the same quarter last year, the business posted $0.20 EPS. The company’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts predict that Chuy’s will post 0.95 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors Inc. raised its holdings in shares of Chuy’s by 5.0% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,806,754 shares of the restaurant operator’s stock valued at $41,411,000 after purchasing an additional 86,122 shares in the last quarter. GW&K Investment Management LLC raised its holdings in shares of Chuy’s by 17.2% during the 3rd quarter. GW&K Investment Management LLC now owns 688,978 shares of the restaurant operator’s stock valued at $17,059,000 after purchasing an additional 101,116 shares in the last quarter. Cortina Asset Management LLC raised its holdings in shares of Chuy’s by 18.6% during the 2nd quarter. Cortina Asset Management LLC now owns 232,494 shares of the restaurant operator’s stock valued at $5,329,000 after purchasing an additional 36,420 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Chuy’s by 90.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 220,052 shares of the restaurant operator’s stock valued at $5,044,000 after purchasing an additional 104,497 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Chuy’s by 1.3% during the 2nd quarter. Northern Trust Corp now owns 217,257 shares of the restaurant operator’s stock valued at $4,980,000 after purchasing an additional 2,868 shares in the last quarter.

Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 30, 2018, it operated 100 restaurants. The company was founded in 1982 and is headquartered in Austin, Texas.

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