Courtesy of Benzinga.
In a report published Monday, KeyBanc Capital Markets analyst Christopher O’Cull upgraded the rating on Chuy’s Holdings Inc (NASDAQ: CHUY) from Hold to Buy, and reiterated the $34.00 price target.
In the report, KeyBanc Capital Markets noted, “We upgrade CHUY from Hold to BUY ($34PT) based upon our greater confidence in the Co.’s earnings visibility following our proprietary checks around menu pricing, which was recently increased by ~2%. With the issue around new-store profitability likely built into shares following recent underperformance and, moreover, equally likely to fade as a concern, given the probable improvements in 3Q-4Q, we view current valuation as offering a compelling entry point into a higher-growth restaurant concept.”
Chuy’s Holdings closed on Friday at $28.75.
Latest Ratings for CHUY
Date | Firm | Action | From | To |
---|---|---|---|---|
Sep 2014 | KeyBanc | Upgrades | Hold | Buy |
Aug 2014 | Raymond James | Upgrades | Market Perform | Outperform |
Aug 2014 | Jefferies | Upgrades | Hold | Buy |
View More Analyst Ratings for CHUY
View the Latest Analyst Ratings
Posted-In: Christopher O'Cull KeyBanc Capital MarketsAnalyst Color Upgrades Analyst Ratings