ValuEngine downgraded shares of Chuy's (NASDAQ:CHUY) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.
A number of other equities analysts have also recently weighed in on the company. BidaskClub cut Chuy's from a buy rating to a hold rating in a report on Tuesday, January 16th. TheStreet upgraded Chuy's from a c+ rating to a b- rating in a report on Friday, December 15th. Zacks Investment Research upgraded Chuy's from a hold rating to a buy rating and set a $30.00 price target for the company in a report on Wednesday, January 31st. BMO Capital Markets upped their price target on Chuy's to $30.00 and gave the stock a market perform rating in a report on Wednesday, January 10th. Finally, Telsey Advisory Group restated a market perform rating and issued a $29.00 price target (up previously from $23.00) on shares of Chuy's in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $27.20.
Shares of Chuy's (CHUY) opened at $26.10 on Friday. The stock has a market cap of $439.76, a P/E ratio of 15.35, a P/E/G ratio of 1.42 and a beta of -0.28. Chuy's has a 1 year low of $18.00 and a 1 year high of $32.10.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHUY. Northern Trust Corp boosted its stake in shares of Chuy's by 3.4% during the 2nd quarter. Northern Trust Corp now owns 239,312 shares of the restaurant operator’s stock valued at $5,600,000 after buying an additional 7,795 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Chuy's by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 941,354 shares of the restaurant operator’s stock valued at $22,027,000 after buying an additional 47,580 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Chuy's by 15.1% during the 2nd quarter. Voya Investment Management LLC now owns 9,004 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 1,178 shares during the last quarter. State Street Corp boosted its stake in shares of Chuy's by 5.0% during the 2nd quarter. State Street Corp now owns 391,381 shares of the restaurant operator’s stock valued at $9,159,000 after buying an additional 18,708 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Chuy's by 4.5% during the 3rd quarter. Nationwide Fund Advisors now owns 232,355 shares of the restaurant operator’s stock valued at $4,891,000 after buying an additional 10,106 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Chuy's (CHUY) Downgraded by ValuEngine to “Sell”” was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://sportsperspectives.com/2018/03/14/chuys-chuy-downgraded-by-valuengine-to-sell.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Chuy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chuy's and related companies with MarketBeat.com's FREE daily email newsletter.