Chuy's Holdings Inc (CHUY) is Downgraded by Stifel to Hold

Chuy's Holdings Inc (CHUY) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Jul 26, 2016.

Many Wall Street Analysts have commented on Chuy's Holdings Inc. Telsey Advisory Group Downgraded Chuy's Holdings Inc on Jul 26, 2016 to ” Market Perform”, Price Target of the shares are set at $38.

On the company’s financial health, Chuy's Holdings Inc reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.22. The company had revenue of $78.10 million for the quarter, compared to analysts expectations of $76.88 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Chuy's Holdings Inc opened for trading at $36.54 and hit $37.235 on the upside on Wednesday, eventually ending the session at $37.02, with a gain of 1.59% or 0.58 points. The heightened volatility saw the trading volume jump to 1,25,766 shares. Company has a market cap of $612 M.

In a different news, on Jul 13, 2016, Michael Roger Young (director) sold 3,000 shares at $34.54 per share price. According to the SEC, on Jun 28, 2016, Steven J. Hislop (President & CEO) sold 6,295 shares at $34.04 per share price. On Mar 10, 2016, Sharon A. Russell (Secretary and CAO) sold 2,000 shares at $33.26 per share price, according to the Form-4 filing with the securities and exchange commission.

Chuy’s Holdings Inc. is a full service restaurant concept company offering a menu of Mexican and Tex Mex inspired food. The Company operates its restaurants under the name Chuy’s. As of December 28 2014 the Company operated 59 Chuy’s restaurants across 14 states. The Company offers lunch and dinner which includes enchiladas fajitas tacos burritos combination platters and daily specials variety of appetizers and soups and salads. Each of its restaurants also offers a variety of homemade sauces including Hatch green chile and creamy jalapeno sauces. It also offers a bar in all of its restaurants providing its customers a variety of beverage offerings featuring a selection of specialty cocktails including its on-the-rocks margaritas made with fresh hand-squeezed lime juice and the Texas Martini a made-to-order hand-shaken cocktail served with jalapeno-stuffed olives.

Chuy's Holdings Inc

Leave a Reply

Chuy's Holdings Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Chuy's Holdings Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.