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

StockNews.com initiated coverage on shares of Chuy’s (NASDAQ:CHUY) in a research report sent to investors on Monday. The brokerage issued a hold rating on the restaurant operator’s stock.

A number of other analysts have also weighed in on the stock. Wedbush reissued a “neutral” rating and issued a $37.50 price target (down previously from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Stephens reissued an “equal weight” rating and issued a $37.50 target price on shares of Chuy’s in a research note on Monday, August 12th. Finally, Benchmark downgraded Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 target price for the company. in a research report on Monday, August 19th. Seven analysts have rated the stock with a hold rating, According to MarketBeat, Chuy’s presently has a consensus rating of “Hold” and an average price target of $33.25.

Chuy’s Price Performance

Shares of CHUY opened at $37.48 on Monday. The company has a market capitalization of $645.78 million, a P/E ratio of 22.18 and a beta of 1.77. Chuy’s has a one year low of $22.52 and a one year high of $39.40. The business’s 50 day simple moving average is $37.42 and its 200-day simple moving average is $32.91.

Institutional Trading of Chuy’s

Several institutional investors have recently added to or reduced their stakes in CHUY. Wolverine Asset Management LLC acquired a new position in Chuy’s in the 3rd quarter valued at $30,000. Nisa Investment Advisors LLC lifted its position in Chuy’s by 85.0% during the second quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 466 shares during the period. Quarry LP acquired a new stake in Chuy’s during the second quarter worth about $36,000. Lazard Asset Management LLC increased its holdings in Chuy’s by 607.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock valued at $82,000 after buying an additional 2,107 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Chuy’s by 70.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock valued at $90,000 after buying an additional 1,096 shares in the last quarter. 99.92% of the stock is currently owned by institutional investors.

About Chuy’s

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.