Zacks Investment Research Lowers Chuy’s (NASDAQ:CHUY) to Sell

Zacks Investment Research lowered shares of Chuy’s (NASDAQ:CHUYGet Rating) 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. “

Several other equities research analysts also recently issued reports on the company. StockNews.com began coverage on Chuy’s in a report on Thursday, March 31st. They issued a buy rating for the company. Robert W. Baird upped their price objective on Chuy’s from $28.00 to $31.00 in a research report on Friday, February 18th. Finally, Benchmark raised Chuy’s from a hold rating to a buy rating and set a $35.00 price objective for the company in a research report on Tuesday, January 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Buy and an average price target of $36.17.

Shares of CHUY traded up $0.16 during trading hours on Friday, hitting $24.35. 117,874 shares of the stock traded hands, compared to its average volume of 127,294. Chuy’s has a 1-year low of $22.60 and a 1-year high of $49.99. The firm has a market capitalization of $461.19 million, a PE ratio of 16.68 and a beta of 1.81. The business has a fifty day moving average of $26.53 and a 200-day moving average of $28.28.

Chuy’s (NASDAQ:CHUYGet Rating) last released its quarterly earnings data on Thursday, May 5th. The restaurant operator reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $100.50 million during the quarter, compared to the consensus estimate of $98.35 million. Chuy’s had a return on equity of 14.62% and a net margin of 7.61%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 earnings per share. As a group, equities research analysts expect that Chuy’s will post 1.46 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC lifted its position in shares of Chuy’s by 1.7% in the third quarter. Voya Investment Management LLC now owns 18,349 shares of the restaurant operator’s stock valued at $579,000 after buying an additional 308 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Chuy’s by 6.3% during the third quarter. PNC Financial Services Group Inc. now owns 5,279 shares of the restaurant operator’s stock worth $165,000 after purchasing an additional 311 shares during the period. Swiss National Bank increased its stake in shares of Chuy’s by 1.4% during the third quarter. Swiss National Bank now owns 44,100 shares of the restaurant operator’s stock worth $1,390,000 after purchasing an additional 600 shares during the period. California State Teachers Retirement System increased its stake in shares of Chuy’s by 2.6% during the fourth quarter. California State Teachers Retirement System now owns 27,712 shares of the restaurant operator’s stock worth $835,000 after purchasing an additional 709 shares during the period. Finally, KBC Group NV increased its stake in shares of Chuy’s by 27.2% during the first quarter. KBC Group NV now owns 4,154 shares of the restaurant operator’s stock worth $112,000 after purchasing an additional 889 shares during the period. 97.56% of the stock is owned by institutional investors.

Chuy’s Company Profile (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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