Chuy's Holdings, Inc. ( CHUY ) saw a big move last session, as the company's shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for CHUY as the stock is now down over 19% in the past one month timeframe.
This slump shouldn't be too much of a surprise to investors, as this restaurant has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
Chuy's Holdings currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the same sector include Arcos Dorados Holdings Inc. Cla ( ARCO ), Domino's Pizza, Inc. ( DPZ ) and Burger King Worldwide, Inc. ( BKW ). All these stocks hold a Zacks Rank #2 (Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportARCOS DORADOS-A (ARCO): Free Stock Analysis ReportBURGER KING WWD (BKW): Free Stock Analysis ReportBUFFALO WLD WNG (BWLD): Free Stock Analysis ReportCHUYS HOLDINGS (CHUY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research