Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) have been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $29.33.

CHUY has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Chuy’s Holdings from a “hold” rating to a “sell” rating in a research report on Monday, May 8th. Wedbush downgraded shares of Chuy’s Holdings from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $34.00 to $23.00 in a research report on Wednesday, June 21st. BMO Capital Markets set a $33.00 target price on shares of Chuy’s Holdings and gave the company a “hold” rating in a research report on Wednesday, March 1st. Wells Fargo & Company downgraded shares of Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $31.00 target price for the company. in a research report on Friday, May 19th. Finally, TheStreet upgraded shares of Chuy’s Holdings from a “c+” rating to a “b-” rating in a research report on Monday, May 22nd.

TRADEMARK VIOLATION NOTICE: This news story was posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/06/27/chuys-holdings-inc-chuy-given-average-recommendation-of-hold-by-brokerages.html.

Chuy’s Holdings (NASDAQ CHUY) opened at 22.55 on Tuesday. The company has a 50-day moving average price of $28.00 and a 200-day moving average price of $29.48. Chuy’s Holdings has a one year low of $21.59 and a one year high of $37.78. The company has a market capitalization of $380.98 million, a PE ratio of 22.11 and a beta of -0.01.

Chuy’s Holdings (NASDAQ:CHUY) last posted its earnings results on Thursday, May 4th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $86.90 million during the quarter, compared to the consensus estimate of $87.80 million. Chuy’s Holdings had a net margin of 5.09% and a return on equity of 11.81%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. Analysts expect that Chuy’s Holdings will post $1.10 earnings per share for the current fiscal year.

In other Chuy’s Holdings news, insider Sharon A. Russell sold 862 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $31.00, for a total value of $26,722.00. Following the completion of the transaction, the insider now owns 3,415 shares in the company, valued at $105,865. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sharon A. Russell sold 9,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $30.83, for a total transaction of $277,470.00. Following the completion of the transaction, the insider now owns 4,277 shares of the company’s stock, valued at approximately $131,859.91. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,000 shares of company stock valued at $339,470. Insiders own 3.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. increased its position in shares of Chuy’s Holdings by 43.2% in the fourth quarter. Macquarie Group Ltd. now owns 323,882 shares of the restaurant operator’s stock worth $10,510,000 after buying an additional 97,725 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Chuy’s Holdings by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 6,900 shares of the restaurant operator’s stock worth $206,000 after buying an additional 100 shares during the period. Stephens Investment Management Group LLC increased its position in shares of Chuy’s Holdings by 2.6% in the first quarter. Stephens Investment Management Group LLC now owns 1,139,533 shares of the restaurant operator’s stock worth $33,958,000 after buying an additional 28,705 shares during the period. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Chuy’s Holdings during the first quarter worth $401,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Chuy’s Holdings by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 657,371 shares of the restaurant operator’s stock worth $21,332,000 after buying an additional 12,512 shares during the period. Institutional investors and hedge funds own 98.37% of the company’s stock.

About Chuy’s Holdings

Chuy’s Holdings, Inc operates Chuy’s, a restaurant concept offering a distinct menu of authentic, freshly prepared Mexican and Tex-Mex inspired food. As of December 25, 2016, the Company operated 80 Chuy’s restaurants across 16 states. The Company offers the same menu during lunch and dinner, which includes enchiladas, fajitas, tacos, burritos, combination platters and daily specials, complemented by a range of appetizers, soups and salads.

Analyst Recommendations for Chuy`s Holdings (NASDAQ:CHUY)

Receive News & Ratings for Chuy's Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chuy's Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.