Chuy’s (NASDAQ:CHUY) Stock Rating Lowered by TheStreet

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Chuy’s (NASDAQ:CHUY) was downgraded by research analysts at TheStreet from a “b-” rating to a “c” rating in a research note issued to investors on Thursday, TheStreetRatingsTable reports.

Several other research analysts also recently issued reports on CHUY. BMO Capital Markets lifted their price objective on Chuy’s from $18.00 to $19.00 and gave the stock an “underperform” rating in a research report on Friday, August 9th. ValuEngine downgraded Chuy’s from a “hold” rating to a “sell” rating in a research report on Friday. Wedbush restated a “hold” rating and set a $24.50 price objective on shares of Chuy’s in a research report on Friday. BidaskClub upgraded Chuy’s from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $26.00 price objective (up from $23.00) on shares of Chuy’s in a research report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.13.

CHUY stock traded up $3.44 during mid-day trading on Thursday, reaching $27.76. 648,600 shares of the company’s stock were exchanged, compared to its average volume of 163,772. The stock’s 50 day moving average is $24.24 and its 200 day moving average is $23.31. The company has a market cap of $417.98 million, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 1.51 and a beta of 0.23. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.57 and a quick ratio of 0.52. Chuy’s has a 12-month low of $17.03 and a 12-month high of $29.16.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings results on Thursday, November 7th. The restaurant operator reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The business had revenue of $109.08 million for the quarter, compared to analyst estimates of $108.88 million. Chuy’s had a return on equity of 8.21% and a net margin of 1.30%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 EPS. On average, research analysts forecast that Chuy’s will post 0.95 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. 6 Meridian boosted its position in Chuy’s by 2.2% during the 2nd quarter. 6 Meridian now owns 23,341 shares of the restaurant operator’s stock worth $535,000 after purchasing an additional 499 shares during the period. State of Tennessee Treasury Department boosted its position in Chuy’s by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 7,386 shares of the restaurant operator’s stock worth $183,000 after purchasing an additional 581 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Chuy’s by 5.9% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 11,382 shares of the restaurant operator’s stock worth $261,000 after purchasing an additional 630 shares during the period. Swiss National Bank boosted its position in Chuy’s by 2.3% in the 2nd quarter. Swiss National Bank now owns 31,500 shares of the restaurant operator’s stock valued at $722,000 after buying an additional 700 shares during the last quarter. Finally, Commerce Bank boosted its position in Chuy’s by 13.2% in the 2nd quarter. Commerce Bank now owns 9,944 shares of the restaurant operator’s stock valued at $228,000 after buying an additional 1,160 shares during the last quarter.

Chuy’s Company Profile

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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