KeyBanc Starts Chuy's Holdings (CHUY) at Hold; Just Waiting For A Pullback
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Price: $33.37 -0.36%
Rating Summary:
1 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
1 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade CHUY Now!
KeyBanc initiates coverage on Chuy's Holdings (NASDAQ: CHUY) with a Hold.
Analyst, Christopher O'Cull, said, "Chuy's is the fastest-growing, publicly-traded restaurant company with 22%+ revenue growth anticipated for the next five years, fueled by best-in-class new unit returns (30-35% cash-on-cash, including pre-opening expense, and 23% fully-capitalized). Since its IPO in July, shares have appreciated 35% and are currently valued at 34x NTM EPS and 13x NTM EBITDA. We believe fair value is in the $18-$20 range, and under the KBCM rating system the expected return merits a HOLD rating. We would consider becoming more constructive on a pullback unrelated to a slowdown in unit growth or new store sales performance; ideally, investors over-reacting to a SRS disappointment would create a nice entry-point."
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 $17.53 yesterday, with a 52 week range of $14.33-$19.70.
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Analyst, Christopher O'Cull, said, "Chuy's is the fastest-growing, publicly-traded restaurant company with 22%+ revenue growth anticipated for the next five years, fueled by best-in-class new unit returns (30-35% cash-on-cash, including pre-opening expense, and 23% fully-capitalized). Since its IPO in July, shares have appreciated 35% and are currently valued at 34x NTM EPS and 13x NTM EBITDA. We believe fair value is in the $18-$20 range, and under the KBCM rating system the expected return merits a HOLD rating. We would consider becoming more constructive on a pullback unrelated to a slowdown in unit growth or new store sales performance; ideally, investors over-reacting to a SRS disappointment would create a nice entry-point."
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 $17.53 yesterday, with a 52 week range of $14.33-$19.70.
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