Chuy’s (NASDAQ:CHUY) Downgraded to Hold at Benchmark

Benchmark cut shares of Chuy’s (NASDAQ:CHUY) from a buy rating to a hold rating in a research report sent to investors on Monday morning, MarketBeat.com reports. They currently have $37.50 target price on the restaurant operator’s stock.

Several other research analysts have also commented on CHUY. Piper Sandler reduced their price target on Chuy’s from $35.00 to $31.00 and set a neutral rating for the company in a research report on Monday, May 13th. Stephens restated an equal weight rating and issued a $37.50 price objective on shares of Chuy’s in a research note on Monday, August 12th. Jefferies Financial Group downgraded shares of Chuy’s from a buy rating to a hold rating and dropped their price objective for the company from $38.00 to $24.00 in a report on Thursday, July 11th. StockNews.com initiated coverage on Chuy’s in a report on Thursday, August 15th. They issued a hold rating for the company. Finally, Wedbush reissued a neutral rating and set a $37.50 target price (down previously from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $33.25.

Chuy’s Stock Up 0.0 %

CHUY opened at $37.12 on Monday. The stock has a market cap of $639.58 million, a P/E ratio of 21.96 and a beta of 1.76. Chuy’s has a 52-week low of $22.52 and a 52-week high of $39.40. The business has a fifty day moving average of $31.29 and a 200 day moving average of $31.17.

Institutional Investors Weigh In On Chuy’s

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

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.