Today’s Stock Alert: Could Chuy’s Holdings Inc Crash Even More? The Stock Just Made 52 Week Low

Today's Stock Alert: Could Chuy's Holdings Inc Crash Even More? The Stock Just Made 52 Week Low

The stock of Chuy’s Holdings Inc (NASDAQ:CHUY) hit a new 52-week low and has $23.30 target or 13.00% below today’s $26.78 share price. The 7 months bearish chart indicates high risk for the $440.51 million company. The 1-year low was reported on Oct, 7 by Barchart.com. If the $23.30 price target is reached, the company will be worth $57.27 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 110,854 shares traded hands. Chuy’s Holdings Inc (NASDAQ:CHUY) has declined 21.42% since March 4, 2016 and is downtrending. It has underperformed by 29.46% the S&P500.

Analysts await Chuy’s Holdings Inc (NASDAQ:CHUY) to report earnings on November, 1. They expect $0.28 earnings per share, up 16.67% or $0.04 from last year’s $0.24 per share. CHUY’s profit will be $4.61M for 23.91 P/E if the $0.28 EPS becomes a reality. After $0.34 actual earnings per share reported by Chuy’s Holdings Inc for the previous quarter, Wall Street now forecasts -17.65% negative EPS growth.

Chuy’s Holdings Inc (NASDAQ:CHUY) Ratings Coverage

Out of 5 analysts covering Chuy’s Holdings Inc (NASDAQ:CHUY), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Chuy’s Holdings Inc has been the topic of 10 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Telsey Advisory Group initiated Chuy’s Holdings Inc (NASDAQ:CHUY) on Tuesday, September 29 with “Outperform” rating. The stock of Chuy’s Holdings Inc (NASDAQ:CHUY) has “Market Perform” rating given on Tuesday, July 26 by Telsey Advisory Group. The firm has “Market Perform” rating by Raymond James given on Friday, January 29. The stock of Chuy’s Holdings Inc (NASDAQ:CHUY) has “Buy” rating given on Wednesday, August 5 by Wunderlich. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, July 26. The stock has “Outperform” rating given by Wedbush on Friday, October 9. The stock of Chuy’s Holdings Inc (NASDAQ:CHUY) has “Outperform” rating given on Wednesday, November 4 by Telsey Advisory Group. The stock of Chuy’s Holdings Inc (NASDAQ:CHUY) has “Buy” rating given on Wednesday, August 5 by Stifel Nicolaus.

According to Zacks Investment Research, “Chuy’s Holdings, Inc. owns and operates full-service restaurants serving a distinct menu of authentic Mexican food. The Company offers menu which includes appetizers, soups and salads, tacos, burritos, enchiladas, fajitas and combination platters. It operates chains throughout Texas, Alabama, Indiana, Kentucky, and Tennessee. Chuy’s Holdings, Inc. is headquartered in Austin, Texas.”

Insitutional Activity: The institutional sentiment increased to 1.43 in 2016 Q2. Its up 0.22, from 1.21 in 2016Q1. The ratio increased, as 20 funds sold all Chuy’s Holdings Inc shares owned while 34 reduced positions. 20 funds bought stakes while 57 increased positions. They now own 17.46 million shares or 1.59% less from 17.75 million shares in 2016Q1.
The New York-based Bnp Paribas Arbitrage has invested 0% in Chuy’s Holdings Inc (NASDAQ:CHUY). Envestnet Asset Mgmt has 0% invested in the company for 8,117 shares. Wells Fargo And Com Mn has 0% invested in the company for 45,262 shares. Osterweis Mgmt last reported 0.17% of its portfolio in the stock. The Illinois-based Ubs Asset Mgmt Americas has invested 0% in Chuy’s Holdings Inc (NASDAQ:CHUY). Moreover, Loomis Sayles And Limited Partnership has 0.06% invested in Chuy’s Holdings Inc (NASDAQ:CHUY) for 652,143 shares. Wasatch Incorporated holds 0.5% or 949,870 shares in its portfolio. Moreover, Arizona State Retirement has 0% invested in Chuy’s Holdings Inc (NASDAQ:CHUY) for 8,600 shares. Metropolitan Life Communications Ny holds 0% of its portfolio in Chuy’s Holdings Inc (NASDAQ:CHUY) for 12,127 shares. Swiss Comml Bank holds 32,100 shares or 0% of its portfolio. Mgmt has 0.01% invested in the company for 350 shares. Landscape Capital Management Lc accumulated 0.22% or 47,656 shares. Moreover, Pinebridge Invs Limited Partnership has 0% invested in Chuy’s Holdings Inc (NASDAQ:CHUY) for 2,097 shares. Granite Partners Lc has 100,775 shares for 0.27% of their US portfolio. American Century has 52,624 shares for 0% of their US portfolio.

Insider Transactions: Since May 4, 2016, the stock had 0 buys, and 6 insider sales for $379,730 net activity. Another trade for 1,000 shares valued at $33,440 was made by Young Michael Roger on Tuesday, May 10.

More recent Chuy’s Holdings Inc (NASDAQ:CHUY) news were published by: Fool.com which released: “69 Brilliant Ways Chuy’s Holdings Inc Is Investing in the Future” on September 10, 2016. Also Twst.com published the news titled: “Chuy’s Holdings Inc.: Chuy’s Holdings, Inc. to Announce Third Quarter 2016 …” on October 07, 2016. Fool.com‘s news article titled: “Why Chuy’s Holdings Inc. Jumped on Wednesday” with publication date: August 05, 2015 was also an interesting one.

CHUY Company Profile

Chuy’s Holdings, Inc., incorporated on October 16, 2006, is a full-service restaurant concept firm offering a menu of Mexican and Tex Mex inspired food. The Firm operates through full-service, casual dining, Mexican food restaurants segment. The Firm operates its restaurants under the name Chuy’s. The Firm operates approximately 70 Chuy’s restaurants across 14 states.

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