Chuy’s (NASDAQ:CHUY) Lowered to “Sell” at ValuEngine

Chuy’s (NASDAQ:CHUY) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday, ValuEngine reports.

Several other equities analysts have also commented on the stock. BMO Capital Markets upped their price target on shares of Chuy’s from $18.00 to $19.00 and gave the stock an “underperform” rating in a research report on Friday, August 9th. Zacks Investment Research upgraded shares of Chuy’s from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research report on Monday, November 11th. TheStreet lowered shares of Chuy’s from a “b-” rating to a “c” rating in a research report on Thursday, November 7th. BidaskClub upgraded shares of Chuy’s from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Wedbush upgraded shares of Chuy’s from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $24.50 to $32.00 in a research report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chuy’s presently has an average rating of “Hold” and an average target price of $27.25.

Shares of NASDAQ:CHUY opened at $28.21 on Tuesday. The stock has a market capitalization of $478.83 million, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 1.65 and a beta of 0.37. Chuy’s has a 1-year low of $17.03 and a 1-year high of $29.45. The company’s fifty day moving average is $26.12 and its two-hundred day moving average is $24.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.51 and a current ratio of 0.55.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings results on Thursday, November 7th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $109.08 million during the quarter, compared to analyst estimates of $108.88 million. Chuy’s had a net margin of 2.62% and a return on equity of 8.49%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Sell-side analysts expect that Chuy’s will post 1 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Empirical Capital Management LLC bought a new position in Chuy’s in the 3rd quarter valued at about $6,950,000. D. E. Shaw & Co. Inc. grew its position in Chuy’s by 90.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 220,052 shares of the restaurant operator’s stock valued at $5,044,000 after buying an additional 104,497 shares in the last quarter. Coatue Management LLC bought a new position in Chuy’s in the 2nd quarter valued at about $2,345,000. GW&K Investment Management LLC grew its position in Chuy’s by 17.2% in the 3rd quarter. GW&K Investment Management LLC now owns 688,978 shares of the restaurant operator’s stock valued at $17,059,000 after buying an additional 101,116 shares in the last quarter. Finally, Wasatch Advisors Inc. grew its position in Chuy’s by 5.0% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,806,754 shares of the restaurant operator’s stock valued at $41,411,000 after buying an additional 86,122 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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