BidaskClub Lowers Chuy’s (NASDAQ:CHUY) to Sell

BidaskClub downgraded shares of Chuy’s (NASDAQ:CHUY) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, BidAskClub reports.

A number of other brokerages have also issued reports on CHUY. Zacks Investment Research lowered shares of Chuy’s from a hold rating to a sell rating in a research note on Wednesday, May 8th. ValuEngine raised shares of Chuy’s from a sell rating to a hold rating in a research note on Wednesday, May 8th. Finally, Wedbush reissued a hold rating on shares of Chuy’s in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $28.57.

Shares of CHUY opened at $21.02 on Thursday. The firm has a market cap of $353.87 million, a PE ratio of 23.36, a P/E/G ratio of 1.31 and a beta of 0.21. Chuy’s has a 12-month low of $17.03 and a 12-month high of $34.10. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 1.09.

Chuy’s (NASDAQ:CHUY) last issued its earnings results on Tuesday, May 7th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The firm had revenue of $102.10 million during the quarter, compared to analyst estimates of $101.84 million. Chuy’s had a net margin of 1.37% and a return on equity of 7.89%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 earnings per share. Analysts predict that Chuy’s will post 0.92 EPS for the current year.

In related 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 completion of the sale, 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 accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its stake in Chuy’s by 103.4% in the 3rd quarter. Morgan Stanley now owns 75,723 shares of the restaurant operator’s stock worth $1,988,000 after purchasing an additional 38,491 shares during the period. Vanguard Group Inc. boosted its stake in shares of Chuy’s by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,015,808 shares of the restaurant operator’s stock worth $26,665,000 after buying an additional 39,358 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Chuy’s by 6.2% during the 4th quarter. Arizona State Retirement System now owns 26,103 shares of the restaurant operator’s stock worth $463,000 after buying an additional 1,519 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Chuy’s by 21.4% during the 4th quarter. Rhumbline Advisers now owns 46,661 shares of the restaurant operator’s stock worth $828,000 after buying an additional 8,216 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Chuy’s by 5.3% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 12,663 shares of the restaurant operator’s stock worth $225,000 after buying an additional 634 shares during the last quarter.

About Chuy’s

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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Analyst Recommendations for Chuy`s (NASDAQ:CHUY)

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