BidaskClub cut shares of Chuy’s (NASDAQ:CHUY) from a buy rating to a hold rating in a research report report published on Thursday.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets downgraded Chuy’s from an outperform rating to a market perform rating and reduced their target price for the company from $28.00 to $23.00 in a report on Monday, September 24th. Stifel Nicolaus reduced their target price on Chuy’s from $31.00 to $28.00 and set a hold rating for the company in a report on Monday, October 1st. ValuEngine downgraded Chuy’s from a hold rating to a sell rating in a report on Wednesday, November 7th. Telsey Advisory Group reduced their target price on Chuy’s from $29.00 to $24.00 and set a market perform rating for the company in a report on Wednesday, November 7th. Finally, TheStreet downgraded Chuy’s from a b- rating to a c rating in a report on Wednesday, November 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $28.57.

Chuy’s stock opened at $19.46 on Thursday. Chuy’s has a one year low of $19.70 and a one year high of $34.10. The firm has a market capitalization of $329.85 million, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 1.25 and a beta of -0.14.

Chuy’s (NASDAQ:CHUY) last released its earnings results on Tuesday, November 6th. The restaurant operator reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.09). Chuy’s had a net margin of 4.53% and a return on equity of 8.48%. The business had revenue of $101.20 million during the quarter, compared to analyst estimates of $104.57 million. During the same period last year, the business posted $0.19 EPS. Chuy’s’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts expect that Chuy’s will post 0.89 EPS for the current year.

Several large investors have recently added to or reduced their stakes in CHUY. Clearbridge Investments LLC raised its stake in shares of Chuy’s by 941,654.8% during the 3rd quarter. Clearbridge Investments LLC now owns 583,888 shares of the restaurant operator’s stock worth $15,327,000 after buying an additional 583,826 shares during the last quarter. Wasatch Advisors Inc. raised its stake in shares of Chuy’s by 24.7% during the 3rd quarter. Wasatch Advisors Inc. now owns 1,862,250 shares of the restaurant operator’s stock worth $48,884,000 after buying an additional 368,850 shares during the last quarter. BlackRock Inc. raised its stake in shares of Chuy’s by 7.9% during the 2nd quarter. BlackRock Inc. now owns 2,380,861 shares of the restaurant operator’s stock worth $73,093,000 after buying an additional 174,866 shares during the last quarter. Caxton Associates LP acquired a new position in shares of Chuy’s during the 3rd quarter worth $2,363,000. Finally, Cadence Capital Management LLC acquired a new position in shares of Chuy’s during the 2nd quarter worth $1,981,000.

Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 31, 2017, the company operated 91 Chuy's restaurants in 19 states. Chuy's Holdings, Inc was founded in 1982 and is headquartered in Austin, Texas.

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Analyst Recommendations for Chuy`s (NASDAQ:CHUY)

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