Market Overview

UPDATE: Jefferies Upgrades Chuy's Following Q2 Earnings

Share:
Related
11 Restaurants With The Most Exposure To The Houston Market
The Restaurant Sector Q2 Earnings Cheat Sheet

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

DateFirmActionFromTo
Nov 2017BairdMaintainsNeutral
Oct 2017Stifel NicolausInitiates Coverage OnHold
Jul 2017Raymond JamesUpgradesMarket PerformOutperform

View More Analyst Ratings for CHUY
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Earnings Upgrades Price Target Analyst Ratings Movers

 

Related Articles (CHUY)

View Comments and Join the Discussion!

Partner Center