Insider Selling: Chuy’s Holdings, Inc. (NASDAQ:CHUY) VP Sells 6,942 Shares of Stock

Chuy’s Holdings, Inc. (NASDAQ:CHUYGet Rating) VP Michael C. Hatcher sold 6,942 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $33.61, for a total value of $233,320.62. Following the sale, the vice president now owns 19,436 shares in the company, valued at approximately $653,243.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Chuy’s Stock Down 0.8 %

Shares of NASDAQ:CHUY opened at $31.80 on Friday. The firm has a market cap of $572.40 million, a P/E ratio of 25.04 and a beta of 1.65. Chuy’s Holdings, Inc. has a 12-month low of $18.64 and a 12-month high of $34.64. The business has a fifty day simple moving average of $27.40 and a 200 day simple moving average of $23.73.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Captrust Financial Advisors raised its position in Chuy’s by 171.3% during the 1st quarter. Captrust Financial Advisors now owns 1,210 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 764 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Chuy’s by 622.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,243 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 1,071 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Chuy’s during the 2nd quarter worth about $45,000. Point72 Hong Kong Ltd acquired a new stake in Chuy’s during the 1st quarter worth about $68,000. Finally, UBS Group AG grew its holdings in Chuy’s by 273.4% during the 3rd quarter. UBS Group AG now owns 2,778 shares of the restaurant operator’s stock worth $64,000 after acquiring an additional 2,034 shares during the period. 97.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Stephens assumed coverage on Chuy’s in a research note on Thursday, September 22nd. They issued an “overweight” rating and a $27.00 price objective on the stock. StockNews.com raised Chuy’s from a “hold” rating to a “buy” rating in a research report on Wednesday, November 16th. BMO Capital Markets upped their target price on Chuy’s from $27.00 to $30.00 and gave the company a “market perform” rating in a research report on Monday, November 7th. Finally, Wedbush increased their price target on Chuy’s from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, November 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Chuy’s has a consensus rating of “Moderate Buy” and a consensus target price of $31.40.

About Chuy’s

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Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in the United States. As of December 26, 2021, it operated 96 restaurants in 17 states, including the Southeastern and Midwestern United States. The company was founded in 1982 and is headquartered in Austin, Texas.

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