Is It Right Time to Be Bullish on Chuy’s Holdings Inc. (NASDAQ:CHUY), Libbey Inc. (NYSE:LBY)?

The shares of Chuy’s Holdings Inc. (NASDAQ:CHUY) has been pegged with a rating of Market Perform by Telsey Advisory Group in its latest research note that was published on March 06, 2020. The Services company has also assigned a $22 price target. Telsey Advisory Group wasn’t the only research firm that published a report of Chuy’s Holdings Inc., with other equities research analysts also giving their opinion on the stock. Telsey Advisory Group advised investors in its research note published on January 08, 2020, to Market Perform the CHUY stock while also putting a $28 price target. The stock had earned Neutral rating from CL King Markets when it published its report on December 16, 2019. The stock was given Outperform rating by Wedbush in its report released on November 22, 2019, the day when the price target on the stock was placed at 32. Telsey Advisory Group was of a view that CHUY is Market Perform in its latest report on August 09, 2019. Telsey Advisory Group thinks that CHUY is worth Market Perform rating. This was contained in the firm’s report on November 07, 2018 in which the stock’s price target was also moved to 24.

Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 6 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $19.33. The price of the stock the last time has raised by 72.53% from its 52-Week high price while it is -57.35% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 39.02.

The shares of the company added by 18.83% during the trading session on Wednesday, reaching a low of $10.30 while ending the day at $12.56. During the trading session, a total of 518348.0 shares were traded which represents a -300.73% decline from the average session volume which is 129350.0 shares. CHUY had ended its last session trading at $10.57. Chuy’s Holdings Inc. currently has a market cap of $170.56 million, while its P/E ratio stands at 34.41, while its P/E earnings growth sits at 2.29, with a beta of 1.32. Chuy’s Holdings Inc. debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 0.40 CHUY 52-week low price stands at $7.28 while its 52-week high price is $29.45.

The company in its last quarterly report recorded $0.17 earnings per share which is above the predicted by most analysts. The Chuy’s Holdings Inc. generated 10.07 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.25 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -23.53%. Chuy’s Holdings Inc. has the potential to record 0.96 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Dougherty & Company published a research note on August 01, 2018 where it informed investors and clients that Libbey Inc. (NYSE:LBY) is now rated as Buy. Their price target on the stock stands at $12. Dougherty & Company also rated LBY as Reiterated on January 26, 2016, with its price target of $26 suggesting that LBY could surge by 90.62% from its current share price. Even though the stock has been trading at $0.55/share, analysts expect it to surge by 10.22% to reach $6.50/share. It started the day trading at $0.65 and traded between $0.47 and $0.61 throughout the trading session.

A look at its technical shows that LBY’s 50-day SMA is 1.2349 while its 200-day SMA stands at 1.7136. The stock has a high of $3.59 for the year while the low is $0.41. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 2.71 M shorted shares, the short percentage went lower by -3.10%, as 2.63M CHUY shares were shorted. At the moment, only 12.54% of Libbey Inc. shares were sold short. The company’s average trading volume currently stands at 217.32K shares, which means that the short-interest ratio is just 12.48 days. Over the past seven days, the company moved, with its shift of -2.23%. Looking further, the stock has dropped -63.26% over the past 90 days while it lost -78.73% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Russell Investment Management LLC sold more LBY shares, decreasing its portfolio by -25.32% during the last quarter. This move now sees The Russell Investment Management LLC selling -716,578 shares in the last quarter, thus it now holds 2,113,937 shares of LBY, with a total valuation of $3,044,069. Dimensional Fund Advisors LP meanwhile sold more LBY shares in the recently filed quarter, changing its stake to $1,749,250 worth of shares.

Similarly, The Vanguard Group, Inc. decreased its Libbey Inc. shares by 0.00% during the recently filed quarter. After selling 777,301 shares in the last quarter, the firm now controls 0 shares of Libbey Inc. which are valued at $1,119,313. In the same vein, Renaissance Technologies LLC decreased its Libbey Inc. shares by during the most recent reported quarter. The firm bought 105,100 shares during the quarter which decreased its stakes to 614,800 shares and is now valued at $885,312. Following these latest developments, around 3.00% of Libbey Inc. stocks are owned by institutional investors and hedge funds.