Chuy’s (NASDAQ:CHUY) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Chuy’s (NASDAQ:CHUY) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the restaurant operator’s stock.

Several other analysts have also recently commented on the company. Piper Sandler reduced their target price on Chuy’s from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Benchmark cut shares of Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price objective for the company. in a research report on Monday. Stephens restated an “equal weight” rating and issued a $37.50 target price on shares of Chuy’s in a report on Monday, August 12th. Wedbush reiterated a “neutral” rating and set a $37.50 price target (down from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Finally, Jefferies Financial Group cut shares of Chuy’s from a “buy” rating to a “hold” rating and reduced their price target for the stock from $38.00 to $24.00 in a report on Thursday, July 11th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.25.

Chuy’s Price Performance

Shares of Chuy’s stock opened at $37.12 on Friday. The company’s 50 day moving average price is $31.29 and its two-hundred day moving average price is $31.17. The firm has a market capitalization of $639.58 million, a P/E ratio of 21.96 and a beta of 1.76. Chuy’s has a fifty-two week low of $22.52 and a fifty-two week high of $39.40.

Hedge Funds Weigh In On Chuy’s

Several hedge funds and other institutional investors have recently modified their holdings of CHUY. Sei Investments Co. increased its position in shares of Chuy’s by 3.7% during the second quarter. Sei Investments Co. now owns 8,493 shares of the restaurant operator’s stock valued at $220,000 after buying an additional 300 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Chuy’s by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,422 shares of the restaurant operator’s stock worth $1,060,000 after purchasing an additional 457 shares during the period. Nisa Investment Advisors LLC grew its stake in Chuy’s by 85.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 466 shares during the period. BNP Paribas Financial Markets lifted its position in Chuy’s by 4.7% during the first quarter. BNP Paribas Financial Markets now owns 13,693 shares of the restaurant operator’s stock valued at $462,000 after buying an additional 614 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Chuy’s by 2.8% during the 2nd quarter. Victory Capital Management Inc. now owns 27,000 shares of the restaurant operator’s stock valued at $700,000 after buying an additional 725 shares in the last quarter. 99.92% of the stock is owned by institutional investors.

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.