StockNews.com Initiates Coverage on Chuy’s (NASDAQ:CHUY)

Investment analysts at StockNews.com began coverage on shares of Chuy’s (NASDAQ:CHUY) in a report issued on Monday. The firm set a “hold” rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued research reports about the stock. Benchmark cut shares of Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price objective on the stock. in a research report on Monday, August 19th. Stephens reiterated an “equal weight” rating and issued a $37.50 price target on shares of Chuy’s in a report on Monday, August 12th. Finally, Wedbush reissued a “neutral” rating and set a $37.50 price objective (down previously from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $33.25.

Chuy’s Stock Performance

NASDAQ:CHUY opened at $37.48 on Monday. The stock has a 50-day moving average price of $37.42 and a 200 day moving average price of $32.87. Chuy’s has a 12-month low of $22.52 and a 12-month high of $39.40. The stock has a market capitalization of $645.78 million, a P/E ratio of 22.18 and a beta of 1.77.

Hedge Funds Weigh In On Chuy’s

Institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Chuy’s by 70.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock valued at $90,000 after acquiring an additional 1,096 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Chuy’s by 4.7% in the 1st quarter. BNP Paribas Financial Markets now owns 13,693 shares of the restaurant operator’s stock valued at $462,000 after purchasing an additional 614 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Chuy’s by 27.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,873 shares of the restaurant operator’s stock worth $535,000 after purchasing an additional 3,446 shares during the period. First Eagle Investment Management LLC increased its position 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 during the last quarter. Finally, EntryPoint Capital LLC raised its holdings in Chuy’s by 106.8% during the 1st quarter. EntryPoint Capital LLC now owns 5,193 shares of the restaurant operator’s stock valued at $175,000 after buying an additional 2,682 shares during the period. 99.92% of the stock is owned by hedge funds and other institutional investors.

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.