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Chuy's Holdings Gets Caught In Stifel Analysts' Restaurant Ratings Rampage

Chuy's Holdings Gets Caught In Stifel Analysts' Restaurant Ratings Rampage - CHUY

Stifel downgraded Chuy's Holdings Inc CHUY 4.13% to Hold from Buy and lowered its price target to $32 from $45.

Stifel lowered its EPS estimates for 2016 and 2017 to $1.05 (down from $1.10) and $1.18 (down from $1.25), respectively.

The analysts adopted the view that the U.S. economy will likely fall into recession within the next three to nine months. "More specifically, we adopted a below-consensus two-year (2H16–1H18) industry-wide comp outlook of +0.5 percent E (vs. consensus' +1.75 percent E) with a resulting assumed increase in industry discounting (that has historically always accompanied recessionary slowdowns)," they added.

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DateFirmActionFromTo
Jul 2016Stifel NicolausDowngradesBuyHold
Jul 2016Telsey Advisory GroupDowngradesOutperformMarket Perform
Jan 2016Raymond JamesDowngradesOutperformMarket Perform

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