Chuy's (CHUY) Lowered to “Hold” at BidaskClub

BidaskClub lowered shares of Chuy's (NASDAQ:CHUY) from a buy rating to a hold rating in a research note released on Tuesday.

Several other equities research analysts have also commented on the company. TheStreet upgraded Chuy's from a c+ rating to a b- rating in a research note on Friday, December 15th. Zacks Investment Research upgraded Chuy's from a sell rating to a hold rating in a research note on Wednesday, October 4th. Robert W. Baird cut their price objective on Chuy's from $24.00 to $23.00 and set a neutral rating for the company in a research note on Friday, November 3rd. BMO Capital Markets reiterated a hold rating on shares of Chuy's in a research note on Monday, November 6th. Finally, Stifel Nicolaus started coverage on Chuy's in a research note on Monday, October 2nd. They set a hold rating and a $23.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $26.75.

Shares of Chuy's (NASDAQ CHUY) traded down $1.25 during trading on Tuesday, hitting $26.70. The company had a trading volume of 140,900 shares, compared to its average volume of 195,220. Chuy's has a 1 year low of $18.00 and a 1 year high of $32.10. The stock has a market cap of $472.74, a price-to-earnings ratio of 29.34, a PEG ratio of 1.58 and a beta of 0.02.

Chuy's (NASDAQ:CHUY) last announced its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). Chuy's had a net margin of 4.37% and a return on equity of 9.98%. The business had revenue of $92.19 million during the quarter, compared to analysts’ expectations of $92.90 million. During the same quarter in the prior year, the firm earned $0.29 EPS. Chuy's’s revenue for the quarter was up 7.7% on a year-over-year basis. equities research analysts anticipate that Chuy's will post 0.97 EPS for the current year.

Chuy's announced that its board has initiated a share repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the restaurant operator to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Several hedge funds have recently bought and sold shares of CHUY. Schwab Charles Investment Management Inc. grew its position in shares of Chuy's by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 79,748 shares of the restaurant operator’s stock valued at $1,867,000 after purchasing an additional 821 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Chuy's by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 238,559 shares of the restaurant operator’s stock valued at $5,582,000 after purchasing an additional 1,294 shares in the last quarter. Legal & General Group Plc grew its position in shares of Chuy's by 9.3% in the second quarter. Legal & General Group Plc now owns 31,252 shares of the restaurant operator’s stock valued at $732,000 after purchasing an additional 2,672 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Chuy's by 58.0% in the second quarter. BNP Paribas Arbitrage SA now owns 4,941 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 1,813 shares in the last quarter. Finally, Martingale Asset Management L P grew its position in shares of Chuy's by 5.8% in the second quarter. Martingale Asset Management L P now owns 71,508 shares of the restaurant operator’s stock valued at $1,674,000 after purchasing an additional 3,903 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

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Chuy's Company Profile

Chuy’s Holdings, Inc operates Chuy’s, a restaurant concept offering a distinct menu of authentic, freshly prepared Mexican and Tex-Mex inspired food. As of December 25, 2016, the Company operated 80 Chuy’s restaurants across 16 states. The Company offers the same menu during lunch and dinner, which includes enchiladas, fajitas, tacos, burritos, combination platters and daily specials, complemented by a range of appetizers, soups and salads.

Analyst Recommendations for Chuy's (NASDAQ:CHUY)

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