Chuy's Pulls Back on New Restaurants as Comps Continue to Lag
Despite recent struggles with falling customer traffic, heading into Chuy's Holdings' (NASDAQ: CHUY) second-quarter earnings report, the Tex-Mex chain was still guiding for positive full-year 2017 comparable-restaurant sales growth numbers. That's looking a lot less likely after the company last week reported another quarter of sliding comps and lowered its full-year guidance to boot. The company also said it plans to slow its rate of new store growth through the end of 2018. Investors didn't react well to the report, sending shares to fresh 52-week lows.
Data source: Chuy's Holdings. Chart by author.
Chuy's has now reported three consecutive quarters of comps declines. For Chuy's, comps measure how sales are doing at locations open at least 18 months.
Source: Fool.com
Chuys Holdings Inc. Stock
With 13 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 €.
