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

TheStreet downgraded shares of Chuy’s (NASDAQ:CHUY) from a b- rating to a c rating in a report issued on Thursday morning, TheStreetRatingsTable reports.

CHUY has been the subject of several other reports. Wedbush reaffirmed a hold rating and set a $24.50 target price on shares of Chuy’s in a report on Friday. BidaskClub raised shares of Chuy’s from a sell rating to a hold rating in a report on Thursday, October 24th. BMO Capital Markets boosted their price target on shares of Chuy’s from $18.00 to $19.00 and gave the stock an underperform rating in a report on Friday, August 9th. Zacks Investment Research lowered shares of Chuy’s from a strong-buy rating to a hold rating in a report on Monday, November 4th. Finally, ValuEngine lowered shares of Chuy’s from a hold rating to a sell rating in a report on Friday. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $24.13.

Shares of NASDAQ:CHUY traded up $3.44 during trading on Thursday, reaching $27.76. The stock had a trading volume of 648,600 shares, compared to its average volume of 163,772. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $417.98 million, a P/E ratio of 31.55, a PEG ratio of 1.51 and a beta of 0.23. The firm’s 50-day simple moving average is $24.24 and its 200 day simple moving average is $23.31. Chuy’s has a one year low of $17.03 and a one year high of $29.16.

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

A number of hedge funds and other institutional investors have recently modified their holdings of CHUY. Cortina Asset Management LLC increased its holdings in Chuy’s by 18.6% in the 2nd quarter. Cortina Asset Management LLC now owns 232,494 shares of the restaurant operator’s stock worth $5,329,000 after acquiring an additional 36,420 shares in the last quarter. 6 Meridian increased its holdings in Chuy’s by 2.2% in the 2nd quarter. 6 Meridian now owns 23,341 shares of the restaurant operator’s stock worth $535,000 after acquiring an additional 499 shares in the last quarter. Falcon Point Capital LLC increased its holdings in Chuy’s by 48.3% in the 2nd quarter. Falcon Point Capital LLC now owns 33,359 shares of the restaurant operator’s stock worth $765,000 after acquiring an additional 10,871 shares in the last quarter. Bessemer Group Inc. acquired a new stake in Chuy’s during the 2nd quarter worth $254,000. Finally, SG Americas Securities LLC boosted its stake in Chuy’s by 338.2% during the 2nd quarter. SG Americas Securities LLC now owns 22,740 shares of the restaurant operator’s stock worth $521,000 after purchasing an additional 17,551 shares during 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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