Chuy’s (NASDAQ:CHUY) Cut to “Sell” at Zacks Investment Research

Chuy’s (NASDAQ:CHUYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday, Zacks.com reports.

According to Zacks, “Chuy’s Holdings, Inc. owns and operates full-service restaurants serving a distinct menu of authentic Mexican food. The Company offers menu which includes appetizers, soups and salads, tacos, burritos, enchiladas, fajitas and combination platters. It operates chains throughout Texas, Alabama, Indiana, Kentucky, and Tennessee. Chuy’s Holdings, Inc. is headquartered in Austin, Texas. “

A number of other research analysts have also weighed in on the stock. Robert W. Baird raised their price objective on shares of Chuy’s from $28.00 to $31.00 in a research note on Friday, February 18th. StockNews.com initiated coverage on shares of Chuy’s in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Benchmark raised shares of Chuy’s from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Tuesday, January 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $36.17.

NASDAQ:CHUY traded down $0.50 during trading hours on Friday, reaching $25.55. The company had a trading volume of 150,193 shares, compared to its average volume of 176,338. The firm has a market cap of $483.87 million, a price-to-earnings ratio of 17.03 and a beta of 1.89. The business’s 50-day simple moving average is $27.69 and its two-hundred day simple moving average is $28.83. Chuy’s has a twelve month low of $22.60 and a twelve month high of $49.99.

Chuy’s (NASDAQ:CHUYGet Rating) last posted its quarterly earnings results on Thursday, February 17th. The restaurant operator reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. The business had revenue of $98.67 million during the quarter, compared to analysts’ expectations of $99.58 million. Chuy’s had a net margin of 7.61% and a return on equity of 14.62%. During the same period last year, the company posted $0.19 earnings per share. As a group, equities analysts predict that Chuy’s will post 1.48 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. raised its position in Chuy’s by 32.9% in the first quarter. Pacer Advisors Inc. now owns 75,886 shares of the restaurant operator’s stock worth $2,049,000 after acquiring an additional 18,783 shares during the period. Westwood Holdings Group Inc. increased its stake in shares of Chuy’s by 31.2% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,040,876 shares of the restaurant operator’s stock worth $31,351,000 after purchasing an additional 247,435 shares in the last quarter. Barclays PLC increased its stake in shares of Chuy’s by 22.3% in the fourth quarter. Barclays PLC now owns 25,982 shares of the restaurant operator’s stock worth $783,000 after purchasing an additional 4,744 shares in the last quarter. BlackRock Inc. increased its stake in shares of Chuy’s by 2.3% in the fourth quarter. BlackRock Inc. now owns 3,164,764 shares of the restaurant operator’s stock worth $95,322,000 after purchasing an additional 70,562 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Chuy’s by 57.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 23,765 shares of the restaurant operator’s stock worth $716,000 after purchasing an additional 8,636 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

About Chuy’s (Get Rating)

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in the United States. As of December 26, 2021, it operated 96 restaurants in 17 states, including the Southeastern and Midwestern United States. The company was founded in 1982 and is headquartered in Austin, Texas.

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