Chuy’s (NASDAQ:CHUY) Downgraded by TheStreet

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

CHUY has been the topic of several other reports. BidaskClub upgraded Chuy’s from a sell rating to a hold rating in a research report on Thursday, October 24th. Wedbush reiterated a hold rating and set a $24.50 target price on shares of Chuy’s in a research report on Friday. BMO Capital Markets lifted their target price on Chuy’s from $18.00 to $19.00 and gave the company an underperform rating in a research report on Friday, August 9th. ValuEngine downgraded Chuy’s from a hold rating to a sell rating in a research report on Friday. Finally, Telsey Advisory Group reiterated a market perform rating and set a $26.00 target price (up from $23.00) on shares of Chuy’s in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of Hold and an average target price of $24.13.

CHUY stock traded up $3.44 on Thursday, reaching $27.76. 648,600 shares of the company traded hands, compared to its average volume of 163,772. The company has a market cap of $417.98 million, a P/E ratio of 31.55, a price-to-earnings-growth ratio of 1.51 and a beta of 0.23. Chuy’s has a one year low of $17.03 and a one year 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 firm has a fifty day simple moving average of $24.24 and a 200-day simple moving average of $23.31.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHUY. Cortina Asset Management LLC lifted its position in Chuy’s by 18.6% during the second 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. 6 Meridian lifted its position in Chuy’s by 2.2% during the second quarter. 6 Meridian now owns 23,341 shares of the restaurant operator’s stock valued at $535,000 after purchasing an additional 499 shares in the last quarter. Falcon Point Capital LLC lifted its position in Chuy’s by 48.3% during the second quarter. Falcon Point Capital LLC now owns 33,359 shares of the restaurant operator’s stock valued at $765,000 after purchasing an additional 10,871 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of Chuy’s in the second quarter valued at about $254,000. Finally, SG Americas Securities LLC lifted its position in shares of Chuy’s by 338.2% in the second quarter. SG Americas Securities LLC now owns 22,740 shares of the restaurant operator’s stock valued at $521,000 after acquiring an additional 17,551 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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