Chuy’s (NASDAQ:CHUY) Lowered to C at TheStreet

TheStreet lowered shares of Chuy’s (NASDAQ:CHUY) from a b- rating to a c rating in a research report sent to investors on Thursday, TheStreetRatingsTable reports.

CHUY has been the subject of a number of other reports. Telsey Advisory Group reaffirmed a market perform rating and issued a $26.00 price target (up from $23.00) on shares of Chuy’s in a report on Friday, August 9th. ValuEngine downgraded Chuy’s from a hold rating to a sell rating in a report on Friday. BidaskClub raised Chuy’s from a sell rating to a hold rating in a report on Thursday, October 24th. Wedbush reaffirmed a hold rating and issued a $24.50 price target on shares of Chuy’s in a report on Friday. Finally, BMO Capital Markets upped their price target on Chuy’s from $18.00 to $19.00 and gave the company an underperform rating in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company presently has a consensus rating of Hold and an average target price of $24.13.

NASDAQ CHUY traded up $3.44 during trading hours on Thursday, reaching $27.76. The company had a trading volume of 648,600 shares, compared to its average volume of 163,772. The stock has a 50-day moving average of $24.24 and a 200 day moving average of $23.31. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $417.98 million, a P/E ratio of 31.55, a price-to-earnings-growth ratio of 1.51 and a beta of 0.23. Chuy’s has a 1-year low of $17.03 and a 1-year high of $29.16.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings results on Thursday, November 7th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The firm had revenue of $109.08 million during the quarter, compared to the consensus estimate of $108.88 million. Chuy’s had a return on equity of 8.21% and a net margin of 1.30%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 earnings per share. As a group, sell-side analysts predict that Chuy’s will post 0.95 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. Wasatch Advisors Inc. boosted its holdings in shares of Chuy’s by 5.0% in the second quarter. Wasatch Advisors Inc. now owns 1,806,754 shares of the restaurant operator’s stock valued at $41,411,000 after acquiring an additional 86,122 shares during the period. GW&K Investment Management LLC boosted its holdings in shares of Chuy’s by 17.2% in the third quarter. GW&K Investment Management LLC now owns 688,978 shares of the restaurant operator’s stock valued at $17,059,000 after acquiring an additional 101,116 shares during the period. Cortina Asset Management LLC boosted its holdings in shares of Chuy’s by 18.6% in the second quarter. Cortina Asset Management LLC now owns 232,494 shares of the restaurant operator’s stock valued at $5,329,000 after acquiring an additional 36,420 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of Chuy’s by 90.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 220,052 shares of the restaurant operator’s stock valued at $5,044,000 after acquiring an additional 104,497 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Chuy’s by 1.3% in the second quarter. Northern Trust Corp now owns 217,257 shares of the restaurant operator’s stock valued at $4,980,000 after acquiring an additional 2,868 shares during the period.

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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