Stifel Nicolaus initiated coverage on shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) in a research report released on Monday morning, MarketBeat.com reports. The firm issued a hold rating and a $23.00 price objective on the restaurant operator’s stock.

Several other equities analysts have also recently issued reports on the company. Jefferies Group LLC reiterated a hold rating and issued a $23.00 price target (down previously from $28.00) on shares of Chuy’s Holdings in a report on Wednesday, August 9th. BMO Capital Markets decreased their price target on Chuy’s Holdings from $31.00 to $24.00 and set a market perform rating on the stock in a report on Friday, August 4th. Wedbush reiterated a hold rating and issued a $23.00 price target on shares of Chuy’s Holdings in a report on Sunday, July 30th. BidaskClub cut Chuy’s Holdings from a sell rating to a strong sell rating in a report on Friday, July 28th. Finally, Raymond James Financial, Inc. upgraded Chuy’s Holdings to a buy rating in a report on Sunday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $27.25.

Shares of Chuy’s Holdings (NASDAQ:CHUY) remained flat at $21.85 during midday trading on Monday. The stock had a trading volume of 31,518 shares. The stock has a 50-day moving average price of $19.82 and a 200 day moving average price of $24.65. Chuy’s Holdings has a one year low of $18.00 and a one year high of $35.30. The stock has a market capitalization of $369.37 million, a price-to-earnings ratio of 22.05 and a beta of -0.02.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHUY. BNP Paribas Arbitrage SA raised its position in shares of Chuy’s Holdings by 58.0% during the second quarter. BNP Paribas Arbitrage SA now owns 4,941 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 1,813 shares during the period. Mason Street Advisors LLC raised its position in shares of Chuy’s Holdings by 7.0% during the first quarter. Mason Street Advisors LLC now owns 3,934 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 258 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Chuy’s Holdings during the first quarter worth about $200,000. Aperio Group LLC acquired a new stake in shares of Chuy’s Holdings during the second quarter worth about $206,000. Finally, Stevens Capital Management LP acquired a new stake in shares of Chuy’s Holdings during the second quarter worth about $206,000. 99.85% of the stock is currently owned by institutional investors.

Chuy’s Holdings Company Profile

Chuy’s Holdings, Inc operates Chuy’s, a restaurant concept offering a distinct menu of authentic, freshly prepared Mexican and Tex-Mex inspired food. As of December 25, 2016, the Company operated 80 Chuy’s restaurants across 16 states. The Company offers the same menu during lunch and dinner, which includes enchiladas, fajitas, tacos, burritos, combination platters and daily specials, complemented by a range of appetizers, soups and salads.

Analyst Recommendations for Chuy`s Holdings (NASDAQ:CHUY)

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