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

Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) saw unusually-strong trading volume on Tuesday . Approximately 88,452 shares traded hands during trading, a decline of 64% from the previous session’s volume of 243,052 shares.The stock last traded at $37.37 and had previously closed at $37.37.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CHUY. Wedbush reissued a “neutral” rating and issued a $37.50 price objective (down from $38.00) on shares of Chuy’s in a research note on Monday, July 22nd. Benchmark downgraded shares of Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 target price on the stock. in a research report on Monday, August 19th. StockNews.com started coverage on shares of Chuy’s in a report on Monday. They set a “hold” rating on the stock. 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, Jefferies Financial Group cut Chuy’s from a “buy” rating to a “hold” rating and reduced their price objective for the company from $38.00 to $24.00 in a research note on Thursday, July 11th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $33.25.

Chuy’s Stock Down 0.0 %

The stock has a 50-day simple moving average of $35.35 and a 200-day simple moving average of $31.49. The firm has a market capitalization of $643.71 million, a PE ratio of 22.11 and a beta of 1.77.

Chuy’s (NASDAQ:CHUY) last issued its earnings results on Friday, August 9th. The restaurant operator reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. Chuy’s had a net margin of 5.84% and a return on equity of 13.23%. The firm had revenue of $119.80 million during the quarter, compared to analyst estimates of $120.46 million. Equities analysts forecast that Chuy’s Holdings, Inc. will post 1.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chuy’s

Several institutional investors have recently made changes to their positions in CHUY. Dimensional Fund Advisors LP increased its position in shares of Chuy’s by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 897,008 shares of the restaurant operator’s stock valued at $34,293,000 after buying an additional 13,295 shares during the period. Janney Montgomery Scott LLC bought a new stake in Chuy’s during the 4th quarter worth approximately $475,000. Dynamic Technology Lab Private Ltd purchased a new stake in Chuy’s in the 4th quarter worth approximately $252,000. Trexquant Investment LP boosted its holdings in Chuy’s by 77.5% in the 4th quarter. Trexquant Investment LP now owns 36,595 shares of the restaurant operator’s stock valued at $1,399,000 after purchasing an additional 15,981 shares during the period. Finally, Quest Partners LLC bought a new position in Chuy’s in the 4th quarter valued at $162,000. Hedge funds and other 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.