Chuy’s (NASDAQ:CHUY) Sees Strong Trading Volume

Chuy’s Holdings, Inc. (NASDAQ:CHUY) saw an uptick in trading volume on Wednesday . 525,494 shares traded hands during mid-day trading, an increase of 144% from the previous session’s volume of 215,046 shares.The stock last traded at $37.13 and had previously closed at $37.10.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CHUY shares. Jefferies Financial Group downgraded shares of Chuy’s from a “buy” rating to a “hold” rating and cut their price objective for the company from $38.00 to $24.00 in a research report on Thursday, July 11th. Stephens reissued an “equal weight” rating and set a $37.50 price target on shares of Chuy’s in a research note on Monday, August 12th. Wedbush restated a “neutral” rating and issued a $37.50 target price (down from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Piper Sandler decreased their price target on Chuy’s from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Finally, Benchmark downgraded shares of Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price objective for the company. in a research note on Monday. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $33.25.

Chuy’s Price Performance

The business’s fifty day simple moving average is $30.90 and its two-hundred day simple moving average is $31.09. The company has a market cap of $639.58 million, a PE ratio of 21.95 and a beta of 1.76.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its holdings in Chuy’s by 27.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,206,181 shares of the restaurant operator’s stock worth $31,264,000 after buying an additional 258,121 shares in the last quarter. Congress Asset Management Co. MA lifted its position in Chuy’s by 29.9% in the first quarter. Congress Asset Management Co. MA now owns 946,167 shares of the restaurant operator’s stock valued at $31,914,000 after acquiring an additional 217,838 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Chuy’s by 52.6% in the 2nd quarter. Millennium Management LLC now owns 256,375 shares of the restaurant operator’s stock valued at $6,645,000 after purchasing an additional 88,406 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Chuy’s by 117.3% in the second quarter. American Century Companies Inc. now owns 150,317 shares of the restaurant operator’s stock valued at $3,896,000 after acquiring an additional 81,144 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in Chuy’s by 20.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 382,479 shares of the restaurant operator’s stock worth $9,914,000 after purchasing an additional 65,300 shares during the period. Hedge funds and other institutional investors own 99.92% of the company’s stock.

About Chuy’s

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.