Chuy’s (NASDAQ:CHUY) Cut to D+ at TheStreet

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TheStreet downgraded shares of Chuy’s (NASDAQ:CHUY) from a c- rating to a d+ rating in a report published on Thursday morning, TheStreetRatingsTable reports.

Other equities research analysts have also issued reports about the company. BidaskClub upgraded Chuy’s from a sell rating to a hold rating in a research report on Thursday. Telsey Advisory Group dropped their target price on Chuy’s from $22.00 to $18.00 and set a market perform rating for the company in a report on Wednesday. Stifel Nicolaus reduced their price target on Chuy’s from $20.00 to $18.00 and set a hold rating on the stock in a report on Wednesday, April 15th. Zacks Investment Research lowered shares of Chuy’s from a buy rating to a hold rating in a report on Thursday, April 16th. Finally, Raymond James reaffirmed an outperform rating and set a $20.00 target price (up from $17.00) on shares of Chuy’s in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Chuy’s presently has an average rating of Hold and a consensus target price of $17.50.

Shares of CHUY stock opened at $16.41 on Thursday. Chuy’s has a fifty-two week low of $7.28 and a fifty-two week high of $29.45. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.42 and a current ratio of 0.46. The stock’s fifty day moving average is $14.21 and its two-hundred day moving average is $21.23. The firm has a market capitalization of $269.62 million, a P/E ratio of -28.29 and a beta of 1.75.

Chuy’s (NASDAQ:CHUY) last issued its earnings results on Thursday, May 21st. The restaurant operator reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.04. The business had revenue of $94.50 million during the quarter, compared to analysts’ expectations of $93.74 million. Chuy’s had a negative net margin of 2.25% and a positive return on equity of 7.27%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 earnings per share. On average, equities analysts forecast that Chuy’s will post -0.87 earnings per share for the current year.

In related news, Director Randall M. Dewitt acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average cost of $16.82 per share, for a total transaction of $84,100.00. Following the acquisition, the director now owns 6,335 shares in the company, valued at approximately $106,554.70. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Aigen Investment Management LP acquired a new position in Chuy’s during the 4th quarter worth about $33,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Chuy’s by 324.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 1,591 shares during the period. Victory Capital Management Inc. lifted its position in shares of Chuy’s by 41.8% during the fourth quarter. Victory Capital Management Inc. now owns 3,267 shares of the restaurant operator’s stock worth $85,000 after purchasing an additional 963 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Chuy’s in the first quarter valued at approximately $33,000. Finally, LS Investment Advisors LLC grew its holdings in shares of Chuy’s by 603.8% in the fourth quarter. LS Investment Advisors LLC now owns 3,378 shares of the restaurant operator’s stock valued at $88,000 after purchasing an additional 2,898 shares in 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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