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

Other research analysts have also issued reports about the stock. Stifel Nicolaus assumed coverage on shares of Chuy's in a research note on Monday, October 2nd. They issued a hold rating and a $23.00 price objective on the stock. Robert W. Baird dropped their price objective on shares of Chuy's from $24.00 to $23.00 and set a neutral rating on the stock in a research note on Friday, November 3rd. Jefferies Group reaffirmed a hold rating and issued a $23.00 target price (down previously from $28.00) on shares of Chuy's in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Chuy's from a hold rating to a sell rating in a report on Friday, October 13th. Finally, BMO Capital Markets reaffirmed a hold rating on shares of Chuy's in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Chuy's presently has an average rating of Hold and an average target price of $26.00.

Chuy's (NASDAQ:CHUY) traded down $0.05 during midday trading on Thursday, reaching $24.90. 119,400 shares of the company’s stock were exchanged, compared to its average volume of 187,282. The firm has a market capitalization of $421.15, a price-to-earnings ratio of 26.21, a PEG ratio of 1.58 and a beta of 0.02. Chuy's has a one year low of $18.00 and a one year high of $35.30.

Chuy's (NASDAQ:CHUY) last posted its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The business had revenue of $92.19 million during the quarter, compared to analyst estimates of $92.90 million. Chuy's had a net margin of 4.37% and a return on equity of 9.98%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 earnings per share. analysts expect that Chuy's will post 0.97 EPS for the current fiscal year.

Chuy's announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 2nd that permits the company to repurchase $30.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its holdings in Chuy's by 58.0% during the second quarter. BNP Paribas Arbitrage SA now owns 4,941 shares of the restaurant operator’s stock worth $116,000 after buying an additional 1,813 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Chuy's by 59.7% during the third quarter. Municipal Employees Retirement System of Michigan now owns 6,340 shares of the restaurant operator’s stock worth $133,000 after buying an additional 2,370 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Chuy's during the second quarter worth about $206,000. Aperio Group LLC purchased a new stake in Chuy's during the second quarter worth about $206,000. Finally, Connors Investor Services Inc. boosted its holdings in Chuy's by 12.5% during the second quarter. Connors Investor Services Inc. now owns 9,000 shares of the restaurant operator’s stock worth $211,000 after buying an additional 1,000 shares in the last quarter. 95.84% of the stock is currently owned by institutional investors and hedge funds.

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Chuy's 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.

Analyst Recommendations for Chuy's (NASDAQ:CHUY)

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