Chuy's (CHUY) Downgraded by BidaskClub

Chuy's (NASDAQ:CHUY) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday, January 16th.

A number of other brokerages have also recently commented on CHUY. Robert W. Baird reaffirmed a “hold” rating and set a $24.00 price target on shares of Chuy's in a research report on Monday, October 9th. BMO Capital Markets lifted their price target on Chuy's to $30.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 10th. Zacks Investment Research cut Chuy's from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Stifel Nicolaus began coverage on Chuy's in a research report on Monday, October 2nd. They set a “hold” rating and a $23.00 price target for the company. Finally, TheStreet raised Chuy's from a “c+” rating to a “b-” rating in a report on Friday, December 15th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Chuy's currently has an average rating of “Hold” and an average price target of $27.11.

Chuy's (NASDAQ CHUY) traded up $0.15 during trading on Tuesday, hitting $25.35. The stock had a trading volume of 163,066 shares, compared to its average volume of 125,185. The firm has a market cap of $428.77, a PE ratio of 27.86, a price-to-earnings-growth ratio of 1.40 and a beta of -0.28. Chuy's has a 52-week low of $18.00 and a 52-week high of $32.10.

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

Several institutional investors have recently made changes to their positions in CHUY. Schwab Charles Investment Management Inc. increased its stake in shares of Chuy's by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 79,748 shares of the restaurant operator’s stock valued at $1,867,000 after purchasing an additional 821 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Chuy's by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 238,559 shares of the restaurant operator’s stock valued at $5,582,000 after purchasing an additional 1,294 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Chuy's by 9.3% in the 2nd quarter. Legal & General Group Plc now owns 31,252 shares of the restaurant operator’s stock valued at $732,000 after purchasing an additional 2,672 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Chuy's by 58.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,941 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 1,813 shares in the last quarter. Finally, Martingale Asset Management L P increased its stake in shares of Chuy's by 5.8% in the 2nd quarter. Martingale Asset Management L P now owns 71,508 shares of the restaurant operator’s stock valued at $1,674,000 after purchasing an additional 3,903 shares in the last quarter. Hedge funds and other institutional investors own 95.39% of the company’s stock.

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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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