Chuy’s (CHUY) Cut to Sell at ValuEngine

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ValuEngine cut shares of Chuy’s (NASDAQ:CHUY) from a hold rating to a sell rating in a research report released on Wednesday morning.

Several other research analysts have also weighed in on the company. Telsey Advisory Group lowered their price objective on Chuy’s from $29.00 to $24.00 and set a market perform rating for the company in a research report on Wednesday. BidaskClub lowered Chuy’s from a buy rating to a hold rating in a research report on Tuesday, October 23rd. Stifel Nicolaus reduced their target price on Chuy’s from $31.00 to $28.00 and set a hold rating for the company in a research note on Monday, October 1st. BMO Capital Markets downgraded Chuy’s from an outperform rating to a market perform rating and reduced their target price for the company from $28.00 to $23.00 in a research note on Monday, September 24th. Finally, Stephens downgraded Chuy’s from an overweight rating to an equal weight rating and reduced their target price for the company from $34.00 to $32.00 in a research note on Wednesday, September 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Chuy’s currently has an average rating of Hold and a consensus price target of $28.57.

Shares of CHUY stock traded up $0.06 during mid-day trading on Wednesday, hitting $20.43. The company’s stock had a trading volume of 398,135 shares, compared to its average volume of 177,821. Chuy’s has a 52 week low of $19.70 and a 52 week high of $34.10. The firm has a market cap of $347.57 million, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.30 and a beta of -0.15.

Chuy’s (NASDAQ:CHUY) last posted its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.09). Chuy’s had a return on equity of 8.47% and a net margin of 4.53%. The business had revenue of $101.20 million during the quarter, compared to the consensus estimate of $104.57 million. During the same period last year, the business posted $0.19 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. On average, equities analysts forecast that Chuy’s will post 0.89 earnings per share for the current year.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan grew its stake in shares of 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 valued at $239,000 after buying an additional 1,470 shares during the period. Wells Fargo & Company MN grew its stake in shares of Chuy’s by 9.6% in the 3rd quarter. Wells Fargo & Company MN now owns 27,518 shares of the restaurant operator’s stock valued at $722,000 after buying an additional 2,407 shares during the period. Victory Capital Management Inc. grew its stake in shares of Chuy’s by 23.2% in the 3rd quarter. Victory Capital Management Inc. now owns 13,192 shares of the restaurant operator’s stock valued at $346,000 after buying an additional 2,482 shares during the period. Northern Trust Corp boosted its stake in Chuy’s by 1.1% during the 2nd quarter. Northern Trust Corp now owns 234,891 shares of the restaurant operator’s stock valued at $7,212,000 after purchasing an additional 2,505 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. boosted its stake in Chuy’s by 1.1% during the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 257,220 shares of the restaurant operator’s stock valued at $6,752,000 after purchasing an additional 2,842 shares during the last quarter.

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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