Raymond James Reaffirms Their Buy Rating on Chuy’s Holdings (CHUY)


In a report released today, Brian Vaccaro from Raymond James maintained a Buy rating on Chuy’s Holdings (CHUY), with a price target of $21.00. The company’s shares closed last Friday at $19.45.

According to TipRanks.com, Vaccaro is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.1% and a 45.9% success rate. Vaccaro covers the Services sector, focusing on stocks such as Brinker International, Ruth’s Hospitality, and Cheesecake Factory.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Chuy’s Holdings with a $21.00 average price target, an 8.1% upside from current levels. In a report issued on July 29, Wedbush also maintained a Buy rating on the stock with a $22.00 price target.

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Based on Chuy’s Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $94.5 million and GAAP net loss of $12.4 million. In comparison, last year the company earned revenue of $102 million and had a net profit of $3.22 million.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CHUY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Chuy’s Holdings, Inc. engages in the ownership and operation of full-service restaurants serving a distinct menu of authentic Mexican and Tex-Mex inspired food. Its menu includes enchiladas, fajitas, rellenos, tacos, burritos, combination platters and daily specials, complemented by a variety of appetizers, soups, and salads. The company was founded by Michael Roger Young and John A. Zapp on April 16, 1982 and is headquartered in Austin, TX.

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