Stifel Nicolaus Downgrades Chuy's Holdings Inc to Hold

Brokerage firm Stifel Nicolaus Downgrades its rating on Chuy's Holdings Inc(NASDAQ:CHUY). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Stifel Nicolaus was issued on Jul 26, 2016.

Chuy's Holdings Inc (CHUY) made into the market gainers list on Fridays trading session with the shares advancing 0.78% or 0.26 points. Due to strong positive momentum, the stock ended at $33.72, which is also near the day’s high of $33.97. The stock began the session at $33.34 and the volume stood at 1,73,010 shares. The 52-week high of the shares is $37.78 and the 52 week low is $26.42. The company has a current market capitalization of $558 M and it has 1,65,39,796 shares in outstanding.

Chuy's Holdings Inc(CHUY) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $78.05M. Analysts had an estimated revenue of $76.94M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.22.

Several Insider Transactions has been reported to the SEC. On Jul 13, 2016, Michael Roger Young (director) sold 3,000 shares at $34.54 per share price.Also, 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.

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