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

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

CHUY has been the subject of several other research reports. Wedbush reiterated a “neutral” rating and issued a $37.50 target price (down previously from $38.00) on shares of Chuy’s in a research report on Monday, July 22nd. Piper Sandler cut their target price on shares of Chuy’s from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Stifel Nicolaus dropped their price target on Chuy’s from $36.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. Benchmark lowered 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, August 19th. Finally, Jefferies Financial Group cut Chuy’s from a “buy” rating to a “hold” rating and cut their target price for the company from $38.00 to $24.00 in a research note on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Chuy’s has a consensus rating of “Hold” and a consensus target price of $33.25.

Chuy’s Stock Performance

Shares of CHUY stock opened at $37.20 on Friday. The stock has a market capitalization of $640.96 million, a price-to-earnings ratio of 22.01 and a beta of 1.76. Chuy’s has a one year low of $22.52 and a one year high of $39.40. The company’s 50-day simple moving average is $32.67 and its 200-day simple moving average is $31.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. grew its position in Chuy’s by 3.0% in the 4th quarter. Russell Investments Group Ltd. now owns 49,250 shares of the restaurant operator’s stock valued at $1,883,000 after buying an additional 1,426 shares in the last quarter. AJOVista LLC bought a new stake in Chuy’s in the fourth quarter worth about $53,000. Versor Investments LP lifted its holdings in Chuy’s by 24.1% in the 4th quarter. Versor Investments LP now owns 18,525 shares of the restaurant operator’s stock valued at $708,000 after acquiring an additional 3,600 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Chuy’s by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 897,008 shares of the restaurant operator’s stock valued at $34,293,000 after purchasing an additional 13,295 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Chuy’s in the 4th quarter worth approximately $475,000. Institutional investors own 99.92% of the company’s stock.

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.