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

Chuy’s Holdings, Inc. (NASDAQ:CHUY) shares saw unusually-high trading volume on Tuesday . Approximately 449,824 shares were traded during mid-day trading, an increase of 119% from the previous session’s volume of 205,043 shares.The stock last traded at $37.03 and had previously closed at $37.09.

Analyst Ratings Changes

A number of analysts recently commented on the company. Benchmark reaffirmed a “buy” rating and issued a $41.00 target price on shares of Chuy’s in a research report on Thursday, July 18th. Wedbush reissued a “neutral” rating and issued a $37.50 target price (down from $38.00) on shares of Chuy’s in a research report on Monday, July 22nd. Jefferies Financial Group lowered Chuy’s from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $38.00 to $24.00 in a report on Thursday, July 11th. StockNews.com began coverage on Chuy’s in a research note on Tuesday, July 30th. They issued a “hold” rating on the stock. Finally, Stephens reiterated an “equal weight” rating and set a $37.50 target price (up previously from $36.00) on shares of Chuy’s in a research report on Friday, July 19th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.83.

Chuy’s Stock Performance

The firm has a 50 day simple moving average of $28.31 and a 200 day simple moving average of $30.84. The firm has a market cap of $637.34 million, a P/E ratio of 21.91 and a beta of 1.76.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings data on Thursday, May 9th. The restaurant operator reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Chuy’s had a net margin of 6.58% and a return on equity of 13.51%. The company had revenue of $110.50 million during the quarter, compared to analyst estimates of $111.67 million. During the same period last year, the business earned $0.47 earnings per share. Chuy’s’s revenue was down 1.8% compared to the same quarter last year. Sell-side analysts predict that Chuy’s Holdings, Inc. will post 1.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Chuy’s

A number of institutional investors and hedge funds have recently bought and sold shares of CHUY. Price T Rowe Associates Inc. MD increased its holdings in shares of Chuy’s by 1.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,422 shares of the restaurant operator’s stock worth $1,060,000 after buying an additional 457 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Chuy’s by 85.0% in 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. BNP Paribas Financial Markets increased its stake in Chuy’s by 4.7% in the first quarter. BNP Paribas Financial Markets now owns 13,693 shares of the restaurant operator’s stock valued at $462,000 after acquiring an additional 614 shares during the last quarter. Victory Capital Management Inc. raised its position in Chuy’s by 2.8% during the second quarter. Victory Capital Management Inc. now owns 27,000 shares of the restaurant operator’s stock valued at $700,000 after purchasing an additional 725 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted 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 purchasing an additional 1,096 shares during the last quarter. 99.92% of the stock is owned by hedge funds and other institutional investors.

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.