UPDATE: Jefferies Upgrades Chuy's Following Q2 Earnings
Shares of Chuy's (NASDAQ: CHUY) have rallied more than eight percent Wednesday after an initial drop off after-hours Tuesday following the company's second quarter earnings.
As the Street digested Chuy's earnings, Jefferies published a note in which it upgraded the company's stock from Hold to Buy and lowered the price target from $34 to $33.
The team at Jefferies wrote, "We are upgrading Chuy's Holdings to a Buy (from Hold) as we think the co. is setting up for a return to 25+ percent EPS growth in 2015, with opportunity for upside as growth is concentrated in existing markets, the 2013 stores continue to build volume and margin pressures ease."
Latest Ratings for CHUY
|Jan 2015||Wells Fargo||Upgrades||Market Perform||Outperform|
|Dec 2014||Wunderlich||Initiates Coverage on||Hold|
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