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

Research analysts at StockNews.com began coverage on shares of Chuy’s (NASDAQ:CHUY) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the restaurant operator’s stock.

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

Chuy’s Stock Performance

Shares of CHUY opened at $37.48 on Tuesday. The company has a market cap of $645.78 million, a price-to-earnings ratio of 22.18 and a beta of 1.77. The business’s fifty day simple moving average is $37.43 and its two-hundred day simple moving average is $33.04. Chuy’s has a 12 month low of $22.52 and a 12 month high of $39.40.

Hedge Funds Weigh In On Chuy’s

A number of institutional investors and hedge funds have recently made changes to their positions in CHUY. Sei Investments Co. boosted its stake in shares of Chuy’s by 3.7% during the 2nd quarter. Sei Investments Co. now owns 8,493 shares of the restaurant operator’s stock worth $220,000 after acquiring an additional 300 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Chuy’s by 1.5% during 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 in the last quarter. Nisa Investment Advisors LLC grew its holdings 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 valued at $26,000 after purchasing an additional 466 shares during the period. BNP Paribas Financial Markets increased its position in Chuy’s by 4.7% in the first quarter. BNP Paribas Financial Markets now owns 13,693 shares of the restaurant operator’s stock worth $462,000 after buying an additional 614 shares in the last quarter. 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 in 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.