Chuy’s Holdings, Inc. (NASDAQ:CHUY) was upgraded by equities researchers at Raymond James Financial, Inc. to an “outperform” rating in a research note issued on Monday. The brokerage currently has a $29.00 target price on the restaurant operator’s stock. Raymond James Financial, Inc.’s price target suggests a potential upside of 23.93% from the stock’s previous close.

CHUY has been the topic of a number of other reports. Zacks Investment Research cut shares of Chuy’s Holdings from a “hold” rating to a “sell” rating in a research note on Monday, May 8th. Wedbush cut shares of Chuy’s Holdings from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $34.00 to $23.00 in a research report on Wednesday, June 21st. Wells Fargo & Company cut shares of Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $31.00 price target on the stock. in a research report on Friday, May 19th. TheStreet cut shares of Chuy’s Holdings from a “b-” rating to a “c” rating in a research report on Tuesday, June 20th. Finally, Stephens reduced their price target on shares of Chuy’s Holdings from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.63.

Chuy’s Holdings (NASDAQ CHUY) opened at 23.40 on Monday. Chuy’s Holdings has a 12 month low of $21.59 and a 12 month high of $37.78. The stock’s 50 day moving average price is $26.34 and its 200 day moving average price is $28.97. The firm has a market capitalization of $395.34 million, a P/E ratio of 22.94 and a beta of 0.01.

Chuy’s Holdings (NASDAQ:CHUY) last announced its quarterly earnings data on Thursday, May 4th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. Chuy’s Holdings had a net margin of 5.09% and a return on equity of 11.81%. The firm had revenue of $86.90 million for the quarter, compared to analysts’ expectations of $87.80 million. During the same period last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts forecast that Chuy’s Holdings will post $1.09 earnings per share for the current year.

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In other news, insider Sharon A. Russell sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $30.83, for a total transaction of $277,470.00. Following the completion of the sale, the insider now owns 4,277 shares of the company’s stock, valued at approximately $131,859.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sharon A. Russell sold 862 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $31.00, for a total transaction of $26,722.00. Following the sale, the insider now directly owns 3,415 shares of the company’s stock, valued at approximately $105,865. The disclosure for this sale can be found here. Insiders have sold a total of 11,000 shares of company stock valued at $339,470 in the last ninety days. 3.30% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Comerica Bank increased its stake in shares of Chuy’s Holdings by 7.2% in the fourth quarter. Comerica Bank now owns 15,325 shares of the restaurant operator’s stock worth $457,000 after buying an additional 1,023 shares during the period. State Street Corp increased its stake in shares of Chuy’s Holdings by 9.6% in the fourth quarter. State Street Corp now owns 345,123 shares of the restaurant operator’s stock worth $11,200,000 after buying an additional 30,325 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Chuy’s Holdings by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 657,371 shares of the restaurant operator’s stock worth $21,332,000 after buying an additional 12,512 shares during the period. Guggenheim Capital LLC purchased a new stake in shares of Chuy’s Holdings during the fourth quarter worth $686,000. Finally, Teachers Advisors LLC increased its stake in shares of Chuy’s Holdings by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 28,582 shares of the restaurant operator’s stock worth $927,000 after buying an additional 794 shares during the period.

About Chuy’s Holdings

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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