TheStreet Downgrades Chuy’s Holdings, Inc. (CHUY) to C
Chuy’s Holdings, Inc. (NASDAQ:CHUY) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c” rating in a research report issued to clients and investors on Tuesday.
A number of other equities research analysts have also weighed in on the company. Zacks Investment Research raised Chuy’s Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Wells Fargo & Company lowered Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $31.00 target price for the company. in a research note on Friday, May 19th. Stifel Nicolaus boosted their target price on Chuy’s Holdings from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, March 1st. BMO Capital Markets set a $33.00 price target on Chuy’s Holdings and gave the company a “hold” rating in a research report on Wednesday, March 1st. Finally, Jefferies Group LLC reduced their target price on Chuy’s Holdings from $32.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, March 1st. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Chuy’s Holdings has an average rating of “Hold” and an average price target of $29.33.
Shares of Chuy’s Holdings (NASDAQ CHUY) traded up 1.84% during mid-day trading on Tuesday, hitting $22.15. The company had a trading volume of 279,320 shares. The company’s 50-day moving average is $28.00 and its 200 day moving average is $29.48. Chuy’s Holdings has a one year low of $21.59 and a one year high of $37.78. The company has a market capitalization of $374.22 million, a PE ratio of 21.72 and a beta of -0.01.
Chuy’s Holdings (NASDAQ:CHUY) last issued its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. Chuy’s Holdings had a return on equity of 11.81% and a net margin of 5.09%. The firm 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. The company’s revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts forecast that Chuy’s Holdings will post $1.10 EPS for the current fiscal year.
In other news, insider Sharon A. Russell sold 1,138 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $31.00, for a total transaction of $35,278.00. Following the transaction, the insider now directly owns 3,115 shares of the company’s stock, valued at approximately $96,565. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sharon A. Russell sold 9,000 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $30.83, for a total value of $277,470.00. Following the transaction, the insider now directly owns 4,277 shares in the company, valued at $131,859.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,000 shares of company stock worth $339,470. Company insiders own 3.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Frontier Capital Management Co. LLC bought a new position in shares of Chuy’s Holdings during the first quarter worth approximately $11,019,000. RK Capital Management LLC acquired a new stake in shares of Chuy’s Holdings during the first quarter worth about $7,225,000. Russell Investments Group Ltd. raised its stake in shares of Chuy’s Holdings by 115.2% in the first quarter. Russell Investments Group Ltd. now owns 271,696 shares of the restaurant operator’s stock worth $8,097,000 after buying an additional 145,426 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Chuy’s Holdings during the first quarter worth about $3,392,000. Finally, Macquarie Group Ltd. raised its stake in shares of Chuy’s Holdings by 43.2% in the fourth quarter. Macquarie Group Ltd. now owns 323,882 shares of the restaurant operator’s stock worth $10,510,000 after buying an additional 97,725 shares during the last quarter. 98.37% of the stock is currently owned by institutional investors.
Chuy’s Holdings Company Profile
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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