Chuy’s (NASDAQ:CHUY) Earns “Equal Weight” Rating from Stephens

Stephens reissued their equal weight rating on shares of Chuy’s (NASDAQ:CHUY) in a report released on Monday morning, Benzinga reports. Stephens currently has a $37.50 target price on the restaurant operator’s stock.

CHUY has been the subject of several other research reports. StockNews.com initiated coverage on Chuy’s in a report on Wednesday, August 7th. They set a hold rating for the company. Wedbush reiterated a neutral rating and issued a $37.50 target price (down previously from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Stifel Nicolaus cut their price target on shares of Chuy’s from $36.00 to $32.00 and set a hold rating on the stock in a report on Tuesday, May 14th. Jefferies Financial Group lowered shares of Chuy’s from a buy rating to a hold rating and decreased their price objective for the company from $38.00 to $24.00 in a research note on Thursday, July 11th. Finally, Piper Sandler cut 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. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $33.83.

Chuy’s Stock Performance

Shares of NASDAQ CHUY opened at $37.05 on Monday. The stock has a market cap of $638.37 million, a price-to-earnings ratio of 21.92 and a beta of 1.76. Chuy’s has a fifty-two week low of $22.52 and a fifty-two week high of $39.40. The firm’s 50-day simple moving average is $30.03 and its 200 day simple moving average is $31.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its stake 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 valued at $26,000 after purchasing an additional 466 shares during the last quarter. AJOVista LLC bought a new position in shares of Chuy’s during the 4th quarter worth $53,000. Lazard Asset Management LLC increased its holdings in Chuy’s by 607.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock worth $82,000 after acquiring an additional 2,107 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in 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 period. Finally, Point72 DIFC Ltd boosted its position in Chuy’s by 257.8% during the second quarter. Point72 DIFC Ltd now owns 4,129 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 2,975 shares during the period. 99.92% of the stock is owned by 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.