ValuEngine Lowers Chuy’s (CHUY) to Sell

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

Other equities analysts have also issued reports about the stock. BidaskClub raised shares of Chuy’s from a hold rating to a buy rating in a report on Saturday, February 2nd. Zacks Investment Research raised shares of Chuy’s from a strong sell rating to a hold rating in a report on Monday, February 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Chuy’s has an average rating of Hold and an average target price of $28.57.

NASDAQ CHUY traded up $0.48 on Wednesday, hitting $20.92. 80,094 shares of the company’s stock traded hands, compared to its average volume of 199,209. Chuy’s has a 1-year low of $17.03 and a 1-year high of $34.10. The stock has a market cap of $335.51 million, a price-to-earnings ratio of 23.77, a PEG ratio of 1.24 and a beta of 0.35.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings data on Thursday, March 7th. The restaurant operator reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). Chuy’s had a net margin of 1.39% and a return on equity of 7.74%. The business had revenue of $96.84 million for the quarter, compared to analyst estimates of $98.07 million. Sell-side analysts forecast that Chuy’s will post 0.92 earnings per share for the current fiscal year.

In other news, Director Ira L. Zecher sold 1,500 shares of Chuy’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $22.60, for a total transaction of $33,900.00. Following the completion of the transaction, the director now directly owns 2,237 shares of the company’s stock, valued at approximately $50,556.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in Chuy’s by 3.0% in the 4th quarter. BlackRock Inc. now owns 2,527,198 shares of the restaurant operator’s stock worth $44,832,000 after acquiring an additional 74,094 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Chuy’s by 5.3% in the 4th quarter. Macquarie Group Ltd. now owns 1,048,070 shares of the restaurant operator’s stock worth $18,593,000 after acquiring an additional 52,916 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Chuy’s by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,016,579 shares of the restaurant operator’s stock worth $18,034,000 after acquiring an additional 2,585 shares in the last quarter. Vanguard Group Inc increased its holdings in Chuy’s by 4.0% in the 3rd quarter. Vanguard Group Inc now owns 1,015,808 shares of the restaurant operator’s stock worth $26,665,000 after acquiring an additional 39,358 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Chuy’s by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,015,808 shares of the restaurant operator’s stock worth $26,665,000 after acquiring an additional 39,358 shares in the last quarter.

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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Analyst Recommendations for Chuy`s (NASDAQ:CHUY)

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