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

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

Several other equities analysts have also commented on the company. Wedbush reiterated a hold rating and set a $24.50 price objective on shares of Chuy’s in a research report on Friday. ValuEngine lowered Chuy’s from a hold rating to a sell rating 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. BMO Capital Markets increased their price objective on Chuy’s from $18.00 to $19.00 and gave the company an underperform rating in a research report on Friday, August 9th. Finally, Zacks Investment Research lowered Chuy’s from a strong-buy rating to a hold rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock has an average rating of Hold and a consensus price target of $24.13.

CHUY stock traded up $3.44 during midday trading on Thursday, hitting $27.76. The company’s stock had a trading volume of 648,600 shares, compared to its average volume of 163,772. The stock has a market cap of $417.98 million, a price-to-earnings ratio of 31.55, a PEG ratio of 1.51 and a beta of 0.23. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 1.09. The stock’s 50-day moving average price is $24.24 and its 200 day moving average price is $23.31. 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 data on Thursday, November 7th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. The firm 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 revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 EPS. As a group, equities analysts forecast that Chuy’s will post 0.95 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in Chuy’s during the 2nd quarter valued at about $42,000. Aperio Group LLC purchased a new stake in Chuy’s during the 2nd quarter valued at about $108,000. Acadian Asset Management LLC purchased a new stake in Chuy’s during the 2nd quarter valued at about $125,000. Factorial Partners LLC purchased a new stake in Chuy’s during the 2nd quarter valued at about $138,000. Finally, State of Tennessee Treasury Department boosted its holdings 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 valued at $183,000 after acquiring an additional 581 shares during the period.

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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