Chuy’s (NASDAQ:CHUY) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Chuy’s (NASDAQ:CHUY) in a research note released on Sunday morning. The firm issued a hold rating on the restaurant operator’s stock.

Several other equities research analysts have also recently weighed in on CHUY. Benchmark cut Chuy’s from a buy rating to a hold rating and set a $37.50 price objective for the company. in a research report on Monday, August 19th. Stifel Nicolaus decreased their price target on shares of Chuy’s from $36.00 to $32.00 and set a hold rating on the stock in a research report on Tuesday, May 14th. Wedbush reaffirmed a neutral rating and set a $37.50 price objective (down previously from $38.00) on shares of Chuy’s in a research report on Monday, July 22nd. Stephens restated an equal weight rating and set a $37.50 price target on shares of Chuy’s in a research note on Monday, August 12th. Finally, Piper Sandler reduced their price objective 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. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, Chuy’s presently has an average rating of Hold and an average price target of $33.25.

Chuy’s Stock Performance

NASDAQ CHUY opened at $37.25 on Friday. The stock has a 50-day simple moving average of $34.32 and a 200 day simple moving average of $31.39. 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 $641.82 million, a PE ratio of 22.04 and a beta of 1.77.

Hedge Funds Weigh In On Chuy’s

Several hedge funds and other institutional investors have recently modified their holdings of CHUY. Nisa Investment Advisors LLC raised its stake in Chuy’s by 85.0% during the second quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 466 shares in the last quarter. Quarry LP bought a new position in Chuy’s during the 2nd quarter valued at about $36,000. Lazard Asset Management LLC boosted its position in Chuy’s by 607.2% in the first quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock valued at $82,000 after buying an additional 2,107 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Chuy’s by 70.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock worth $90,000 after buying an additional 1,096 shares during the last quarter. Finally, Point72 DIFC Ltd increased its holdings in shares of Chuy’s by 257.8% during the second quarter. Point72 DIFC Ltd now owns 4,129 shares of the restaurant operator’s stock worth $107,000 after buying an additional 2,975 shares in the last quarter. Institutional investors own 99.92% of the company’s stock.

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.