ValuEngine cut shares of Chuy's (NASDAQ:CHUY) from a hold rating to a sell rating in a report released on Saturday morning.
Several other equities research analysts also recently weighed in on the stock. BMO Capital Markets reaffirmed a hold rating and issued a $27.00 price objective (down previously from $30.00) on shares of Chuy's in a report on Friday. Wedbush reiterated a hold rating and issued a $25.00 price target on shares of Chuy's in a research report on Friday. Zacks Investment Research cut shares of Chuy's from a buy rating to a hold rating in a research report on Tuesday, March 6th. BidaskClub upgraded shares of Chuy's from a hold rating to a buy rating in a research report on Tuesday, March 6th. Finally, Telsey Advisory Group reiterated a market perform rating and issued a $29.00 price target (up from $23.00) on shares of Chuy's in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $27.20.
Shares of Chuy's (NASDAQ CHUY) opened at $26.10 on Friday. The firm has a market cap of $441.45, a PE ratio of 25.84, a P/E/G ratio of 1.42 and a beta of -0.28. Chuy's has a 1-year low of $18.00 and a 1-year high of $32.10.
A number of institutional investors have recently modified their holdings of CHUY. Municipal Employees Retirement System of Michigan raised its position in Chuy's by 59.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,340 shares of the restaurant operator’s stock worth $133,000 after acquiring an additional 2,370 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Chuy's by 71.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,488 shares of the restaurant operator’s stock worth $179,000 after buying an additional 3,547 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Chuy's during the 4th quarter worth about $205,000. Voya Investment Management LLC raised its holdings in Chuy's by 15.1% during the 2nd quarter. Voya Investment Management LLC now owns 9,004 shares of the restaurant operator’s stock worth $211,000 after buying an additional 1,178 shares during the period. Finally, Aperio Group LLC acquired a new stake in Chuy's during the 4th quarter worth about $224,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “ValuEngine Downgrades Chuy's (CHUY) to Sell” was published by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/3258447/valuengine-downgrades-chuys-chuy-to-sell.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Chuy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chuy's and related companies with MarketBeat.com's FREE daily email newsletter.