Zacks Investment Research upgraded shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) from a sell rating to a hold rating in a research note published on Wednesday.

According to Zacks, “Chuy’s Holdings, Inc. owns and operates full-service restaurants serving a distinct menu of authentic Mexican food. The Company offers menu which includes appetizers, soups and salads, tacos, burritos, enchiladas, fajitas and combination platters. It operates chains throughout Texas, Alabama, Indiana, Kentucky, and Tennessee. Chuy’s Holdings, Inc. is headquartered in Austin, Texas. “

CHUY has been the subject of a number of other reports. Wedbush reaffirmed a hold rating and issued a $23.00 price objective on shares of Chuy’s Holdings in a research note on Sunday, July 30th. Raymond James Financial, Inc. raised shares of Chuy’s Holdings to a buy rating in a research note on Sunday, July 23rd. Jefferies Group LLC reaffirmed a hold rating and issued a $23.00 price objective (down from $28.00) on shares of Chuy’s Holdings in a research note on Wednesday, August 9th. BMO Capital Markets lowered their price objective on shares of Chuy’s Holdings from $31.00 to $24.00 and set a market perform rating for the company in a research note on Friday, August 4th. Finally, BidaskClub lowered shares of Chuy’s Holdings from a sell rating to a strong sell rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $27.25.

Shares of Chuy’s Holdings (CHUY) traded up 1.14% during midday trading on Wednesday, hitting $22.10. 160,252 shares of the stock were exchanged. The firm has a 50-day moving average of $19.86 and a 200-day moving average of $24.60. Chuy’s Holdings has a 1-year low of $18.00 and a 1-year high of $35.30. The company has a market capitalization of $373.60 million, a P/E ratio of 22.30 and a beta of -0.02.

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A number of institutional investors have recently made changes to their positions in the business. Mesirow Financial Investment Management Inc. bought a new position in Chuy’s Holdings in the second quarter worth about $451,000. Wasatch Advisors Inc. raised its holdings in Chuy’s Holdings by 31.2% in the second quarter. Wasatch Advisors Inc. now owns 1,393,110 shares of the restaurant operator’s stock worth $32,599,000 after purchasing an additional 331,599 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Chuy’s Holdings by 73.8% in the second quarter. Public Employees Retirement System of Ohio now owns 67,146 shares of the restaurant operator’s stock worth $1,571,000 after purchasing an additional 28,503 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Chuy’s Holdings by 347.3% in the second quarter. The Manufacturers Life Insurance Company now owns 57,452 shares of the restaurant operator’s stock worth $1,345,000 after purchasing an additional 44,607 shares in the last quarter. Finally, State Street Corp raised its holdings in Chuy’s Holdings by 5.0% in the second quarter. State Street Corp now owns 391,381 shares of the restaurant operator’s stock worth $9,159,000 after purchasing an additional 18,708 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

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.

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

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