Chuy’s (NASDAQ:CHUY) Sees Large Volume Increase

Chuy’s Holdings, Inc. (NASDAQ:CHUY) shares saw an uptick in trading volume on Friday . 157,956 shares were traded during mid-day trading, a decline of 32% from the previous session’s volume of 233,561 shares.The stock last traded at $37.28 and had previously closed at $37.22.

Wall Street Analyst Weigh In

CHUY has been the topic of several recent analyst reports. Stifel Nicolaus cut their target price on shares of Chuy’s from $36.00 to $32.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. Benchmark lowered Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price target on the stock. in a research report on Monday, August 19th. Jefferies Financial Group downgraded Chuy’s from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $38.00 to $24.00 in a research note on Thursday, July 11th. Piper Sandler lowered their target price on Chuy’s from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Finally, StockNews.com started coverage on shares of Chuy’s in a research report on Saturday, August 31st. They issued a “hold” rating for the company. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, Chuy’s presently has a consensus rating of “Hold” and a consensus target price of $33.25.

Chuy’s Stock Performance

The company has a market capitalization of $642.33 million, a PE ratio of 22.02 and a beta of 1.76. The stock has a 50 day moving average price of $33.60 and a two-hundred day moving average price of $31.37.

Hedge Funds Weigh In On Chuy’s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC raised its holdings in shares of Chuy’s by 13.2% during the 1st quarter. First Eagle Investment Management LLC now owns 317,179 shares of the restaurant operator’s stock valued at $10,698,000 after purchasing an additional 37,076 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in Chuy’s by 10.7% during the first quarter. Westwood Holdings Group Inc. now owns 948,060 shares of the restaurant operator’s stock valued at $31,978,000 after buying an additional 91,612 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of Chuy’s by 16.9% in the fourth quarter. Wasatch Advisors LP now owns 262,297 shares of the restaurant operator’s stock worth $10,028,000 after buying an additional 37,920 shares during the last quarter. Congress Asset Management Co. MA boosted its stake in shares of Chuy’s by 29.9% during the 1st quarter. Congress Asset Management Co. MA now owns 946,167 shares of the restaurant operator’s stock worth $31,914,000 after acquiring an additional 217,838 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Chuy’s during the 4th quarter valued at about $162,000. 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.