NEW YORK (TheStreet) -- Shares of Chuy's Holdings (CHUY) plummeted more than 28% to a 52-week low of $21.06 in morning trading Wednesday after the Tex-Mex restaurant chain reduced its full-year guidance in its third-quarter earnings report.
The company cut its full-year earnings per share guidance to a range of 67 cents to 69 cents from a range of 76 cents to 78 cents.
The consensus estimate calls for EPS of 76 cents for the full year.
The company's third-quarter earnings also came up just short of analysts' expectations. Chuy's reported net income per diluted share of 19 cents, up from 17 cents in the same period one year earlier. Revenue rose 19.9% to $64.1 million from $53.5 million.
The consensus estimate had called for earnings of 20 cents a share on revenue of $64.1 million.
Separately, 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