NEW YORK (TheStreet) -- Shares of Chuy's Holdings (CHUY) are down about 30% on Wednesday, prompting TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, to refer to the stock as "the disaster of the day."
The full-service Mexican restaurant company reported a top- and bottom-line miss for its third-quarter earnings results. The stock is down about 41% for the year.Courtesy of YCharts
On CNBC's "Cramer's Stop Trading" segment, he also pointed out that guidance was severely trimmed. The company now expects full-year 2014 earnings per share to be in the range of 67 cents to 69 cents, down from a previous range of 76 cents to 78 cents.
So far, the poor price action in shares of Chuy's Holdings hasn't weighed on Fiesta Restaurant Group (FRGI) , which is higher by about 5%, Cramer noted.
Chipotle and Jack in the Box's Qdoba Mexican Grill franchise are in a different league, Cramer said.
-- Written by Bret Kenwell
TheStreet Ratings team rates CHUY'S HOLDINGS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate CHUY'S HOLDINGS INC (CHUY) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins."
You can view the full analysis from the report here: CHUY Ratings Report