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 report issued on Monday. The firm issued a hold rating on the restaurant operator’s stock.

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

Chuy’s Stock Performance

Shares of CHUY opened at $37.48 on Monday. Chuy’s has a 52 week low of $22.52 and a 52 week high of $39.40. The stock has a market capitalization of $645.78 million, a price-to-earnings ratio of 22.18 and a beta of 1.77. The stock has a fifty day moving average of $37.42 and a 200-day moving average of $32.91.

Institutional Investors Weigh In On Chuy’s

A number of hedge funds have recently made changes to their positions in the business. Sei Investments Co. increased its holdings in Chuy’s by 3.7% during the second quarter. Sei Investments Co. now owns 8,493 shares of the restaurant operator’s stock worth $220,000 after buying an additional 300 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Chuy’s by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,422 shares of the restaurant operator’s stock valued at $1,060,000 after purchasing an additional 457 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Chuy’s by 85.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 466 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Chuy’s by 4.7% during the first quarter. BNP Paribas Financial Markets now owns 13,693 shares of the restaurant operator’s stock valued at $462,000 after purchasing an additional 614 shares during the period. Finally, Victory Capital Management Inc. increased its position in Chuy’s by 2.8% in the second quarter. Victory Capital Management Inc. now owns 27,000 shares of the restaurant operator’s stock worth $700,000 after buying an additional 725 shares during 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.