Chuy's Holdings Inc (CHUY) Stock Rating Lowered by Wells Fargo & Co
Chuy's Holdings Inc (NASDAQ:CHUY) was downgraded by equities researchers at Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a research note issued on Friday. They currently have a $31.00 target price on the restaurant operator’s stock. Wells Fargo & Co’s target price points to a potential upside of 8.58% from the company’s previous close.
CHUY has been the subject of several other research reports. Jefferies Group LLC cut their price objective on Chuy's Holdings from $32.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, March 1st. Stifel Nicolaus lifted their price objective on Chuy's Holdings from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Wednesday, March 1st. Wedbush reaffirmed an “outperform” rating and issued a $31.00 price objective on shares of Chuy's Holdings in a report on Saturday, January 28th. BMO Capital Markets set a $33.00 price objective on Chuy's Holdings and gave the stock a “hold” rating in a report on Wednesday, March 1st. Finally, Zacks Investment Research raised Chuy's Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Chuy's Holdings presently has an average rating of “Hold” and an average target price of $30.67.
Chuy's Holdings (NASDAQ:CHUY) last issued its quarterly earnings data on Thursday, May 4th. The restaurant operator reported $0.27 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. Chuy's Holdings had a return on equity of 12.68% and a net margin of 4.69%. The company had revenue of $86.90 million during the quarter, compared to analyst estimates of $87.80 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. Chuy's Holdings’s revenue was up 11.3% compared to the same quarter last year.
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In other Chuy's Holdings news, insider Sharon A. Russell sold 862 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $31.00, for a total transaction of $26,722.00. Following the completion of the sale, the insider now owns 3,415 shares of the company’s stock, valued at $105,865. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sharon A. Russell sold 9,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $30.83, for a total value of $277,470.00. Following the sale, the insider now directly owns 4,277 shares of the company’s stock, valued at approximately $131,859.91. The disclosure for this sale can be found here. Insiders sold 11,600 shares of company stock valued at $356,720 in the last ninety days. 4.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in CHUY. UBS Asset Management Americas Inc. raised its stake in Chuy's Holdings by 4.9% in the third quarter. UBS Asset Management Americas Inc. now owns 12,900 shares of the restaurant operator’s stock valued at $360,000 after buying an additional 600 shares in the last quarter. BlackRock Fund Advisors raised its stake in Chuy's Holdings by 7.8% in the third quarter. BlackRock Fund Advisors now owns 1,174,635 shares of the restaurant operator’s stock valued at $32,819,000 after buying an additional 85,081 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Chuy's Holdings by 1.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,670 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 70 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Chuy's Holdings during the fourth quarter valued at about $4,078,000. Finally, Radnor Capital Management LLC bought a new stake in Chuy's Holdings during the fourth quarter valued at about $418,000.
About Chuy's Holdings
Chuy’s Holdings, Inc operates Chuy’s, a restaurant concept offering a distinct menu of authentic, freshly prepared Mexican and Tex-Mex inspired food. As of December 25, 2016, the Company operated 80 Chuy’s restaurants across 16 states. The Company offers the same menu during lunch and dinner, which includes enchiladas, fajitas, tacos, burritos, combination platters and daily specials, complemented by a range of appetizers, soups and salads.
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