#5 - Chuy’s (NASDAQ:CHUY)
So far, most of the restaurant stocks on this list have been trading near their 52-week high. That’s not the case with Chuy’s Holdings Inc. (NASDAQ: CHUY). The stock is trading near its 52-week low, with most of that decline coming in the last three months, during which CHUY stock has dropped 24%.
The culprit is revenue, which is starting to show weakness not only compared to analysts’ estimates but also on a year-over-year basis. The company cited unfavorable weather and an early Easter as reasons for the miss. Usually, investors like to hear something more profound than that, but if you take the company at its word, you would expect the top line to improve.
Analysts believe that’s the case. They project 11.9% earnings growth in the next year and have a consensus price target of $38.14, which would be a 49% increase from the stock’s price on June 25, 2024.
About Chuy's
Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in the United States. The company was founded in 1982 and is headquartered in Austin, Texas.
- Current Price
- $37.45
- Consensus Rating
- Hold
- Ratings Breakdown
- 0 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $33.25 (11.2% Downside)
