Chuy's Disappoints With Falling Comps, Earnings
The restaurant industry has gone through tough times, and Tex-Mex specialist Chuy's Holdings (NASDAQ: CHUY) hasn't been able to buck the adverse trend among casual-dining establishments. Chuy's was resilient throughout much of 2016, even when some of its peers were already starting to see declines, but the Tex-Mex eatery finally succumbed to falling comparable-restaurant sales to start out 2017, and a repeat performance made some start to question Chuy's growth trajectory.
Coming into Thursday's second-quarter financial report, Chuy's investors were prepared for falling earnings, but they wanted to see considerable growth in revenue. Unfortunately, weakness in the bottom line came with slower-than-expected sales growth, as well, and the resulting cut in guidance for the remainder of the year is even more troubling for those who've counted on expansion to keep Chuy's financials looking better. Let's look more closely at Chuy's Holdings and what its latest results say about its prospects.
Image source: Chuy's Holdings.
Source: Fool.com
Chuys Holdings Inc. Stock
With 11 Buy predictions and not the single Sell prediction the community is currently very high on Chuys Holdings Inc..
With a target price of 38 € there is a positive potential of 47.29% for Chuys Holdings Inc. compared to the current price of 25.8 €.
