Chuy’s Holdings, Inc. (NASDAQ:CHUY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Chuy’s Holdings, Inc. owns and operates full-service restaurants serving a distinct menu of authentic Mexican food. The Company offers menu which includes appetizers, soups and salads, tacos, burritos, enchiladas, fajitas and combination platters. It operates chains throughout Texas, Alabama, Indiana, Kentucky, and Tennessee. Chuy’s Holdings, Inc. is headquartered in Austin, Texas. “

A number of other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Chuy’s Holdings in a research note on Monday. They issued a “hold” rating and a $23.00 price objective for the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $23.00 price objective (down previously from $28.00) on shares of Chuy’s Holdings in a research note on Wednesday, August 9th. BMO Capital Markets cut their price objective on shares of Chuy’s Holdings from $31.00 to $24.00 and set a “market perform” rating for the company in a research note on Friday, August 4th. Wedbush reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Chuy’s Holdings in a research note on Sunday, July 30th. Finally, BidaskClub cut shares of Chuy’s Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Chuy’s Holdings has an average rating of “Hold” and a consensus price target of $27.25.

Shares of Chuy’s Holdings (NASDAQ:CHUY) traded down 0.46% during trading on Wednesday, hitting $21.65. 274,601 shares of the stock were exchanged. Chuy’s Holdings has a 52 week low of $18.00 and a 52 week high of $35.30. The firm has a market capitalization of $365.99 million, a price-to-earnings ratio of 21.85 and a beta of -0.02. The stock’s 50 day moving average price is $19.75 and its 200 day moving average price is $24.69.

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A number of institutional investors and hedge funds have recently made changes to their positions in CHUY. BNP Paribas Arbitrage SA boosted its position in Chuy’s Holdings by 58.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,941 shares of the restaurant operator’s stock valued at $116,000 after buying an additional 1,813 shares during the period. Mason Street Advisors LLC boosted its position in Chuy’s Holdings by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 3,934 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 258 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in Chuy’s Holdings during the 1st quarter valued at $200,000. Aperio Group LLC purchased a new stake in Chuy’s Holdings during the 2nd quarter valued at $206,000. Finally, Stevens Capital Management LP purchased a new stake in Chuy’s Holdings during the 2nd quarter valued at $206,000. 99.85% of the stock is owned by institutional investors and hedge funds.

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.

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

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