Chuy’s (NASDAQ:CHUY) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Chuy’s (NASDAQ:CHUY) in a research note published on Thursday. The firm issued a hold rating on the restaurant operator’s stock.

Several other research firms have also recently issued reports on CHUY. Stephens reiterated an equal weight rating and issued a $37.50 price objective on shares of Chuy’s in a research report on Monday, August 12th. Wedbush reiterated a neutral rating and issued a $37.50 price objective (down previously from $38.00) on shares of Chuy’s in a research note on Monday, July 22nd. Benchmark reissued a buy rating and set a $41.00 price objective on shares of Chuy’s in a report on Thursday, July 18th. Jefferies Financial Group cut shares of Chuy’s from a buy rating to a hold rating and dropped their target price for the company from $38.00 to $24.00 in a report on Thursday, July 11th. Finally, Piper Sandler decreased their price target on Chuy’s from $35.00 to $31.00 and set a neutral rating on the stock in a research note on Monday, May 13th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $33.83.

Chuy’s Trading Down 0.0 %

Shares of CHUY stock opened at $37.10 on Thursday. The stock has a 50 day simple moving average of $30.47 and a 200-day simple moving average of $31.08. The company has a market cap of $639.23 million, a price-to-earnings ratio of 21.95 and a beta of 1.76. Chuy’s has a 12-month low of $22.52 and a 12-month high of $39.40.

Institutional Investors Weigh In On Chuy’s

Institutional investors and hedge funds have recently bought and sold shares of the stock. Westwood Holdings Group Inc. raised its stake in Chuy’s by 27.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,206,181 shares of the restaurant operator’s stock valued at $31,264,000 after purchasing an additional 258,121 shares during the last quarter. Congress Asset Management Co. MA raised its position in shares of Chuy’s by 29.9% in the first quarter. Congress Asset Management Co. MA now owns 946,167 shares of the restaurant operator’s stock valued at $31,914,000 after buying an additional 217,838 shares during the last quarter. Millennium Management LLC raised its position in shares of Chuy’s by 52.6% in the second quarter. Millennium Management LLC now owns 256,375 shares of the restaurant operator’s stock valued at $6,645,000 after buying an additional 88,406 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Chuy’s by 117.3% during the second quarter. American Century Companies Inc. now owns 150,317 shares of the restaurant operator’s stock valued at $3,896,000 after buying an additional 81,144 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in Chuy’s by 20.6% during the second quarter. First Eagle Investment Management LLC now owns 382,479 shares of the restaurant operator’s stock worth $9,914,000 after acquiring an additional 65,300 shares during the last quarter. Hedge funds and other institutional investors own 99.92% of the company’s stock.

Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in the United States. The company was founded in 1982 and is headquartered in Austin, Texas.