Wedbush Starts Chuy's Holdings (CHUY) at Underperform
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Price: $32.78 -2.12%
Rating Summary:
1 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Rating Summary:
1 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Trade CHUY Now!
Wedbush initiates coverage on Chuy's Holdings (NASDAQ: CHUY) with a Underperform. PT $25.00.
The firm comments, "Believe current 85% fwd P/E premium to growth group as much a result of higher-than-consensus buy side expectations post an upbeat Q4 preannouncement as an attractive unit growth rate or possible strength from new unit openings. We believe these upbeat expectations ignore risks such as near term pressure on SSS growth, the lack of operating leverage in the model, and possible exposure to healthcare. Therefore, we initiate at UNDERPERFORM."
For an analyst ratings summary and ratings history on Chuy's Holdings click here. For more ratings news on Chuy's Holdings click here.
Shares of Chuy's Holdings closed at $28.89 yesterday, with a 52 week range of $14.33-$30.45.
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The firm comments, "Believe current 85% fwd P/E premium to growth group as much a result of higher-than-consensus buy side expectations post an upbeat Q4 preannouncement as an attractive unit growth rate or possible strength from new unit openings. We believe these upbeat expectations ignore risks such as near term pressure on SSS growth, the lack of operating leverage in the model, and possible exposure to healthcare. Therefore, we initiate at UNDERPERFORM."
For an analyst ratings summary and ratings history on Chuy's Holdings click here. For more ratings news on Chuy's Holdings click here.
Shares of Chuy's Holdings closed at $28.89 yesterday, with a 52 week range of $14.33-$30.45.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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