BidaskClub downgraded shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) from a sell rating to a strong sell rating in a research note released on Friday morning.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Chuy’s Holdings from a sell rating to a hold rating in a research report on Tuesday, May 2nd. TheStreet raised shares of Chuy’s Holdings from a c+ rating to a b- rating in a research report on Monday, May 22nd. Wells Fargo & Company cut shares of Chuy’s Holdings from an outperform rating to a market perform rating and set a $31.00 target price on the stock. in a research report on Friday, May 19th. Stephens dropped their target price on shares of Chuy’s Holdings from $35.00 to $32.00 and set an overweight rating on the stock in a research report on Thursday, July 6th. Finally, Raymond James Financial, Inc. raised shares of Chuy’s Holdings from a market perform rating to an outperform rating and set a $29.00 target price on the stock in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Chuy’s Holdings currently has an average rating of Hold and an average target price of $29.63.

Chuy’s Holdings (NASDAQ CHUY) opened at 23.55 on Friday. The firm’s 50-day moving average price is $23.78 and its 200-day moving average price is $27.57. Chuy’s Holdings has a 12 month low of $21.59 and a 12 month high of $35.30. The firm has a market cap of $397.88 million, a P/E ratio of 23.09 and a beta of 0.01.

Chuy’s Holdings (NASDAQ:CHUY) last posted its earnings results 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 net margin of 5.09% and a return on equity of 11.81%. The firm had revenue of $86.90 million for the quarter, compared to analysts’ expectations of $87.80 million. During the same quarter last year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts expect that Chuy’s Holdings will post $1.09 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.watchlistnews.com/chuys-holdings-inc-nasdaqchuy-downgraded-to-strong-sell-at-bidaskclub/1465481.html.

In other news, insider Sharon A. Russell sold 1,138 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $31.00, for a total transaction of $35,278.00. Following the completion of the sale, the insider now owns 3,115 shares in the company, valued at approximately $96,565. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sharon A. Russell sold 862 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $31.00, for a total transaction of $26,722.00. Following the sale, the insider now owns 3,415 shares of the company’s stock, valued at approximately $105,865. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,000 shares of company stock valued at $339,470. 3.30% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. Stephens Inc. AR raised its stake in shares of Chuy’s Holdings by 0.3% in the first quarter. Stephens Inc. AR now owns 30,999 shares of the restaurant operator’s stock valued at $924,000 after buying an additional 90 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Chuy’s Holdings by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 6,900 shares of the restaurant operator’s stock valued at $206,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Chuy’s Holdings by 1.1% in the first quarter. Arizona State Retirement System now owns 8,800 shares of the restaurant operator’s stock valued at $262,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Chuy’s Holdings by 1.3% in the second quarter. Texas Permanent School Fund now owns 12,335 shares of the restaurant operator’s stock valued at $289,000 after buying an additional 155 shares during the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of Chuy’s Holdings by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,934 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 258 shares during the last quarter. Institutional investors own 98.37% of the company’s stock.

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.

Analyst Recommendations for Chuy`s Holdings (NASDAQ:CHUY)

Receive News & Ratings for Chuy's Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chuy's Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.