Chuy’s (CHUY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Chuy’s (NASDAQ:CHUY) from a hold rating to a sell rating in a report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Chuy’s Holdings, Inc. owns and operates full-service restaurants serving a distinct menu of authentic Mexican food. The Company offers menu which includes appetizers, soups and salads, tacos, burritos, enchiladas, fajitas and combination platters. It operates chains throughout Texas, Alabama, Indiana, Kentucky, and Tennessee. Chuy’s Holdings, Inc. is headquartered in Austin, Texas. “

CHUY has been the subject of several other research reports. BidaskClub upgraded Chuy’s from a hold rating to a buy rating in a research note on Saturday, February 2nd. ValuEngine raised Chuy’s from a sell rating to a hold rating in a report on Thursday, March 21st. Finally, Wedbush reiterated a hold rating on shares of Chuy’s in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $28.57.

Shares of CHUY traded down $0.19 during mid-day trading on Wednesday, hitting $22.82. 140,092 shares of the company traded hands, compared to its average volume of 138,234. The company has a market cap of $388.14 million, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 1.43 and a beta of 0.34. Chuy’s has a 1-year low of $17.03 and a 1-year high of $34.10. The company has a quick ratio of 0.61, a current ratio of 0.54 and a debt-to-equity ratio of 1.09.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings data on Tuesday, May 7th. The restaurant operator reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Chuy’s had a return on equity of 7.89% and a net margin of 1.37%. The company had revenue of $102.10 million for the quarter, compared to analyst estimates of $101.84 million. During the same quarter last year, the firm posted $0.19 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, research analysts anticipate that Chuy’s will post 0.92 EPS for the current fiscal year.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Chuy’s by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,013,994 shares of the restaurant operator’s stock valued at $26,617,000 after acquiring an additional 23,349 shares during the last quarter. BlackRock Inc. raised its holdings in Chuy’s by 3.0% in the 3rd quarter. BlackRock Inc. now owns 2,453,104 shares of the restaurant operator’s stock valued at $64,395,000 after acquiring an additional 72,243 shares during the period. MetLife Investment Advisors LLC raised its holdings in Chuy’s by 58.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 13,075 shares of the restaurant operator’s stock valued at $343,000 after acquiring an additional 4,803 shares during the period. Vanguard Group Inc. increased its holdings in shares of Chuy’s by 4.0% during the third quarter. Vanguard Group Inc. now owns 1,015,808 shares of the restaurant operator’s stock worth $26,665,000 after purchasing an additional 39,358 shares during the period. Finally, Citigroup Inc. increased its holdings in shares of Chuy’s by 26.8% during the fourth quarter. Citigroup Inc. now owns 10,235 shares of the restaurant operator’s stock worth $181,000 after purchasing an additional 2,166 shares during the period.

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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