Chuy’s Holdings, Inc. (NASDAQ:CHUY) Short Interest Up 6.1% in October

Chuy’s Holdings, Inc. (NASDAQ:CHUY) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,220,000 shares, a growth of 6.1% from the October 15th total of 1,150,000 shares. Based on an average trading volume of 122,900 shares, the days-to-cover ratio is currently 9.9 days. Currently, 6.9% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wedbush cut their price target on shares of Chuy’s from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Stifel Nicolaus reduced their price objective on shares of Chuy’s from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, October 4th. StockNews.com raised shares of Chuy’s from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Robert W. Baird upped their price objective on shares of Chuy’s from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. Finally, Stephens reduced their price objective on shares of Chuy’s from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.29.

Hedge Funds Weigh In On Chuy’s

Large investors have recently made changes to their positions in the business. Congress Asset Management Co. MA acquired a new position in Chuy’s in the second quarter worth approximately $15,816,000. Millennium Management LLC increased its holdings in Chuy’s by 151.3% in the second quarter. Millennium Management LLC now owns 276,583 shares of the restaurant operator’s stock worth $5,510,000 after buying an additional 166,516 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in Chuy’s in the first quarter worth approximately $3,619,000. Goldman Sachs Group Inc. increased its holdings in Chuy’s by 547.4% in the first quarter. Goldman Sachs Group Inc. now owns 153,852 shares of the restaurant operator’s stock worth $4,154,000 after buying an additional 130,087 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Chuy’s by 2.3% in the first quarter. BlackRock Inc. now owns 3,238,429 shares of the restaurant operator’s stock worth $87,438,000 after buying an additional 73,665 shares during the last quarter. Institutional investors and hedge funds own 99.92% of the company’s stock.

Chuy’s Price Performance

Shares of CHUY opened at $35.46 on Friday. The company has a market capitalization of $615.23 million, a price-to-earnings ratio of 22.59 and a beta of 1.76. Chuy’s has a fifty-two week low of $27.70 and a fifty-two week high of $43.17. The business’s 50-day moving average is $34.34 and its 200-day moving average is $37.28.

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.