Chuy’s (NASDAQ:CHUY) Sees Strong Trading Volume

Chuy’s Holdings, Inc. (NASDAQ:CHUY) shares saw strong trading volume on Tuesday . 88,452 shares changed hands during mid-day trading, a decline of 64% from the previous session’s volume of 243,052 shares.The stock last traded at $37.37 and had previously closed at $37.37.

Wall Street Analyst Weigh In

CHUY has been the subject of a number of research reports. Stephens reissued an “equal weight” rating and set a $37.50 target price on shares of Chuy’s in a report on Monday, August 12th. Jefferies Financial Group cut shares of Chuy’s from a “buy” rating to a “hold” rating and lowered their target price for the stock from $38.00 to $24.00 in a report on Thursday, July 11th. Benchmark cut Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price target for the company. in a research note on Monday, August 19th. StockNews.com initiated coverage on Chuy’s in a research report on Monday. They set a “hold” rating for the company. Finally, Wedbush reaffirmed a “neutral” rating and issued a $37.50 price target (down previously from $38.00) on shares of Chuy’s in a research note on Monday, July 22nd. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, Chuy’s has a consensus rating of “Hold” and a consensus price target of $33.25.

Chuy’s Stock Performance

The company’s 50 day moving average is $35.35 and its 200 day moving average is $31.49. The firm has a market cap of $643.71 million, a P/E ratio of 22.11 and a beta of 1.77.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings data on Friday, August 9th. The restaurant operator reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.01. Chuy’s had a return on equity of 13.23% and a net margin of 5.84%. The company had revenue of $119.80 million for the quarter, compared to the consensus estimate of $120.46 million. On average, equities research analysts anticipate that Chuy’s Holdings, Inc. will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CHUY. Westwood Holdings Group Inc. grew its holdings in Chuy’s by 27.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,206,181 shares of the restaurant operator’s stock worth $31,264,000 after acquiring an additional 258,121 shares during the last quarter. Congress Asset Management Co. MA raised its position in Chuy’s by 29.9% during the 1st quarter. Congress Asset Management Co. MA now owns 946,167 shares of the restaurant operator’s stock worth $31,914,000 after purchasing an additional 217,838 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Chuy’s by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 907,918 shares of the restaurant operator’s stock worth $23,533,000 after buying an additional 32,142 shares during the period. First Eagle Investment Management LLC grew its position in shares of Chuy’s by 20.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 382,479 shares of the restaurant operator’s stock valued at $9,914,000 after buying an additional 65,300 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Chuy’s by 19.4% in the second quarter. Bank of New York Mellon Corp now owns 341,602 shares of the restaurant operator’s stock valued at $8,854,000 after buying an additional 55,465 shares during the period. Institutional investors own 99.92% of the company’s stock.

Chuy’s Company Profile

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.