Chuy’s (NASDAQ:CHUY) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Chuy’s (NASDAQ:CHUY) in a research report released on Monday morning. The brokerage issued a hold rating on the restaurant operator’s stock.

A number of other analysts have also recently issued reports on the company. Wedbush reiterated 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. Benchmark cut shares of Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price target on the stock. in a research report on Monday, August 19th. Finally, Stephens reissued an “equal weight” rating and issued a $37.50 price objective on shares of Chuy’s in a research report on Monday, August 12th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of $33.25.

Chuy’s Stock Performance

Shares of Chuy’s stock opened at $37.48 on Monday. The business’s fifty day moving average price is $37.43 and its 200 day moving average price is $32.94. Chuy’s has a twelve month low of $22.52 and a twelve month high of $39.40. The stock has a market capitalization of $645.78 million, a P/E ratio of 22.18 and a beta of 1.77.

Institutional Investors Weigh In On Chuy’s

Large investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its stake in Chuy’s by 13.2% during the 1st quarter. First Eagle Investment Management LLC now owns 317,179 shares of the restaurant operator’s stock valued at $10,698,000 after purchasing an additional 37,076 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Chuy’s by 10.7% in the first quarter. Westwood Holdings Group Inc. now owns 948,060 shares of the restaurant operator’s stock worth $31,978,000 after buying an additional 91,612 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in 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 acquiring an additional 55,465 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Chuy’s by 70.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock valued at $90,000 after acquiring an additional 1,096 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Chuy’s by 52.6% during the 2nd quarter. Millennium Management LLC now owns 256,375 shares of the restaurant operator’s stock valued at $6,645,000 after acquiring an additional 88,406 shares during the last quarter. 99.92% of the stock is owned by institutional investors and hedge funds.

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.