Chuy’s Holdings Downgraded to Underperform at Zacks (CHUY)
Chuy’s Holdings (NASDAQ:CHUY) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Monday, Analyst Ratings Net reports. They currently have a $36.40 price target on the stock. Zacks‘ target price suggests a potential downside of 4.94% from the company’s current price.
Chuy’s Holdings (NASDAQ:CHUY) traded down 1.49% during mid-day trading on Monday, hitting $37.72. The stock had a trading volume of 22,702 shares. Chuy’s Holdings has a one year low of $20.40 and a one year high of $44.06. The stock has a 50-day moving average of $36.74 and a 200-day moving average of $35.91. The company has a market cap of $615.3 million and a price-to-earnings ratio of 67.89.
Chuy’s Holdings (NASDAQ:CHUY) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.01. The company had revenue of $53.40 million for the quarter, compared to the consensus estimate of $53.12 million. During the same quarter last year, the company posted $0.17 earnings per share. Chuy’s Holdings’s revenue was up 22.8% compared to the same quarter last year. On average, analysts predict that Chuy’s Holdings will post $0.70 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird upgraded shares of Chuy’s Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, September 30th. Separately, analysts at Northcoast Research initiated coverage on shares of Chuy’s Holdings in a research note to investors on Wednesday, September 25th. They set a “neutral” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Chuy’s Holdings from $29.00 to $34.00 in a research note to investors on Tuesday, August 20th. They now have a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Chuy’s Holdings currently has an average rating of “Hold” and an average target price of $36.80.
Chuy’s Holdings, Inc (NASDAQ:CHUY) is a full-service restaurant concept offering a distinct menu of authentic, freshly-prepared Mexican and Tex Mex inspired food.
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