Chuy’s Holdings, Inc. (CHUY) Receives Average Recommendation of “Hold” from Analysts
Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) have been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $26.63.
A number of research firms recently weighed in on CHUY. Raymond James Financial, Inc. raised shares of Chuy’s Holdings to a “buy” rating in a research note on Sunday, July 23rd. BidaskClub downgraded shares of Chuy’s Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Stephens dropped their price target on shares of Chuy’s Holdings from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, July 6th. Wedbush reissued a “hold” rating and set a $23.00 price target on shares of Chuy’s Holdings in a research note on Sunday, July 30th. Finally, BMO Capital Markets dropped their price target 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.
Shares of Chuy’s Holdings (NASDAQ CHUY) opened at 22.50 on Wednesday. The company’s 50-day moving average is $21.09 and its 200-day moving average is $23.71. The company has a market capitalization of $380.36 million, a PE ratio of 22.70 and a beta of -0.02. Chuy’s Holdings has a one year low of $18.00 and a one year high of $35.30.
Large investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its stake in Chuy’s Holdings by 58.0% in the second quarter. BNP Paribas Arbitrage SA now owns 4,941 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 1,813 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Chuy’s Holdings in the first quarter valued at approximately $200,000. Aperio Group LLC bought a new stake in Chuy’s Holdings in the second quarter valued at approximately $206,000. Stevens Capital Management LP bought a new stake in Chuy’s Holdings in the second quarter valued at approximately $206,000. Finally, Connors Investor Services Inc. increased its stake in Chuy’s Holdings by 12.5% in the second quarter. Connors Investor Services Inc. now owns 9,000 shares of the restaurant operator’s stock valued at $211,000 after purchasing an additional 1,000 shares in the last quarter. 99.98% of the stock is owned by hedge funds and other institutional investors.
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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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