Telsey Advisory Group Lowers Chuy’s Holdings Inc. (CHUY) to Market Perform
Chuy’s Holdings Inc. (NASDAQ:CHUY) was downgraded by research analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday. They presently have a $38.00 target price on the stock. Telsey Advisory Group’s target price points to a potential upside of 41.74% from the company’s current price.
Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Chuy’s Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Jefferies Group reiterated a “hold” rating and set a $33.00 target price (up previously from $31.00) on shares of Chuy’s Holdings in a report on Friday, May 6th. TheStreet upgraded Chuy’s Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, May 3rd. BMO Capital Markets reiterated a “hold” rating on shares of Chuy’s Holdings in a report on Wednesday, May 4th. Finally, Stifel Nicolaus downgraded Chuy’s Holdings from a “buy” rating to a “hold” rating and reduced their target price for the stock from $45.00 to $32.00 in a report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.67.
Chuy’s Holdings (NASDAQ:CHUY) traded down 1.25% during mid-day trading on Tuesday, reaching $26.81. The company’s stock had a trading volume of 217,274 shares. The firm has a market cap of $450.25 million and a PE ratio of 31.14. The company 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 12-month low of $26.63 and a 12-month high of $37.78.
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Chuy’s Holdings (NASDAQ:CHUY) last posted its earnings results on Tuesday, August 2nd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Chuy’s Holdings had a return on equity of 12.59% and a net margin of 4.70%. The firm had revenue of $87.90 million for the quarter, compared to the consensus estimate of $87.45 million. During the same quarter in the prior year, the business earned $0.32 EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities research analysts expect that Chuy’s Holdings will post $1.08 earnings per share for the current year.
In related news, Director Michael Roger Young sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $34.09, for a total value of $34,090.00. Following the sale, the director now owns 862 shares in the company, valued at approximately $29,385.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.00% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Sei Investments Co. boosted its position in Chuy’s Holdings by 126.3% in the fourth quarter. Sei Investments Co. now owns 78,195 shares of the company’s stock valued at $2,450,000 after buying an additional 43,648 shares during the period. Dimensional Fund Advisors LP boosted its position in Chuy’s Holdings by 22.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 567,764 shares of the company’s stock valued at $17,794,000 after buying an additional 102,752 shares during the period. Employees Retirement System of Texas acquired a new position in Chuy’s Holdings during the fourth quarter valued at about $1,128,000. Schwab Charles Investment Management Inc. boosted its position in Chuy’s Holdings by 10.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 65,246 shares of the company’s stock valued at $2,045,000 after buying an additional 5,992 shares during the period. Finally, Driehaus Capital Management LLC acquired a new position in Chuy’s Holdings during the fourth quarter valued at about $7,141,000.
About Chuy’s Holdings
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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