Chuy’s Holdings Inc. (CHUY) Cut to “Hold” at Stifel Nicolaus
Chuy’s Holdings Inc. (NASDAQ:CHUY) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday. They currently have a $32.00 price target on the stock, down from their previous price target of $45.00. Stifel Nicolaus’ price target indicates a potential upside of 19.36% from the stock’s previous close.
The analysts wrote, “More specifically, we adopted a below-consensus two-year (2H16–1H18) industry-wide comp outlook of +0.5 percent E (vs. consensus’ +1.75 percent E) with a resulting assumed increase in industry discounting (that has historically always accompanied recessionary slowdowns),”
Other research analysts have also issued reports about the stock. TheStreet raised shares of Chuy’s Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, May 3rd. Zacks Investment Research upgraded shares of Chuy’s Holdings from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Thursday, May 5th. Robert W. Baird reiterated a “hold” rating on shares of Chuy’s Holdings in a report on Monday, May 16th. Jefferies Group reiterated a “hold” rating and issued a $33.00 price objective (up previously from $31.00) on shares of Chuy’s Holdings in a report on Friday, May 6th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Chuy’s Holdings in a report on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Chuy’s Holdings presently has an average rating of “Hold” and an average target price of $34.67.
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Shares of Chuy’s Holdings (NASDAQ:CHUY) traded down 1.25% on Tuesday, hitting $26.81. The company’s stock had a trading volume of 217,274 shares. The stock has a 50-day moving average price of $29.26 and a 200 day moving average price of $32.07. Chuy’s Holdings has a one year low of $26.63 and a one year high of $37.78. The firm has a market cap of $450.25 million and a price-to-earnings ratio of 31.14.
Chuy’s Holdings (NASDAQ:CHUY) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. The firm had revenue of $87.90 million for the quarter, compared to analyst estimates of $87.45 million. Chuy’s Holdings had a net margin of 4.70% and a return on equity of 12.59%. Chuy’s Holdings’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company posted $0.32 EPS. Equities research analysts predict that Chuy’s Holdings will post $1.08 EPS for the current year.
In other news, Director Michael Roger Young sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $34.09, for a total transaction of $34,090.00. Following the completion of the sale, the director now owns 862 shares in the company, valued at approximately $29,385.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Menta Capital LLC increased its stake in shares of Chuy’s Holdings by 83.6% in the first quarter. Menta Capital LLC now owns 15,761 shares of the company’s stock worth $490,000 after buying an additional 7,178 shares in the last quarter. Landscape Capital Management L.L.C. boosted its position in Chuy’s Holdings by 286.4% in the first quarter. Landscape Capital Management L.L.C. now owns 53,166 shares of the company’s stock worth $1,652,000 after buying an additional 39,406 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Chuy’s Holdings by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 407,878 shares of the company’s stock worth $12,673,000 after buying an additional 1,812 shares during the last quarter. BlackRock Group LTD boosted its position in Chuy’s Holdings by 146.1% in the first quarter. BlackRock Group LTD now owns 7,109 shares of the company’s stock worth $220,000 after buying an additional 4,220 shares during the last quarter. Finally, Prudential Financial Inc. bought a new position in Chuy’s Holdings during the first quarter worth $267,000.
Chuy’s Holdings Company Profile
Chuy’s Holdings, Inc is a full-service restaurant concept company offering a menu of Mexican and Tex Mex inspired food. The Company operates through full-service, casual dining, Mexican food restaurants segment. The Company operates its restaurants under the name Chuy’s. The Company operates approximately 70 Chuy’s restaurants across 14 states.
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