Zacks Investment Research cut shares of Chuy’s Holdings Inc. (NASDAQ:CHUY) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Chuy’s Holdings, Inc. owns and operates full-service restaurants serving a distinct menu of authentic Mexican food. The Company offers menu which includes appetizers, soups and salads, tacos, burritos, enchiladas, fajitas and combination platters. It operates chains throughout Texas, Alabama, Indiana, Kentucky, and Tennessee. Chuy’s Holdings, Inc. is headquartered in Austin, Texas. “

A number of other brokerages also recently weighed in on CHUY. Wedbush cut their price target on shares of Chuy’s Holdings from $38.00 to $34.00 and set an outperform rating on the stock in a report on Wednesday, August 3rd. Telsey Advisory Group downgraded shares of Chuy’s Holdings from an outperform rating to a market perform rating and set a $38.00 price target on the stock. in a report on Tuesday, July 26th. Stifel Nicolaus downgraded shares of Chuy’s Holdings from a buy rating to a hold rating and cut their price target for the stock from $45.00 to $32.00 in a report on Tuesday, July 26th. Robert W. Baird reissued a neutral rating on shares of Chuy’s Holdings in a report on Thursday, September 8th. Finally, TheStreet downgraded shares of Chuy’s Holdings from a buy rating to a hold rating in a report on Thursday, September 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $34.67.

Chuy’s Holdings (NASDAQ:CHUY) opened at 27.46 on Tuesday. The company has a market capitalization of $461.16 million and a price-to-earnings ratio of 31.89. The firm has a 50-day moving average of $29.75 and a 200 day moving average of $32.16. Chuy’s Holdings has a 12-month low of $26.92 and a 12-month high of $37.78.

Chuy’s Holdings (NASDAQ:CHUY) last posted its earnings results on Tuesday, August 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Chuy’s Holdings had a net margin of 4.70% and a return on equity of 12.59%. The firm earned $87.90 million during the quarter, compared to analyst estimates of $87.45 million. During the same quarter in the prior year, the business posted $0.32 EPS. The business’s revenue was up 16.6% compared to the same quarter last year. Analysts expect that Chuy’s Holdings will post $1.08 EPS for the current fiscal year.

In related news, Director Michael Roger Young sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $34.09, for a total value of $34,090.00. Following the transaction, the director now directly owns 862 shares in the company, valued at $29,385.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Stephens Inc. AR boosted its position in Chuy’s Holdings by 7.3% in the second quarter. Stephens Inc. AR now owns 68,945 shares of the company’s stock valued at $2,386,000 after buying an additional 4,679 shares during the period. Geode Capital Management LLC boosted its position in Chuy’s Holdings by 5.9% in the first quarter. Geode Capital Management LLC now owns 108,230 shares of the company’s stock valued at $3,362,000 after buying an additional 6,009 shares during the period. GW&K Investment Management LLC boosted its position in Chuy’s Holdings by 11.4% in the second quarter. GW&K Investment Management LLC now owns 131,869 shares of the company’s stock valued at $4,564,000 after buying an additional 13,461 shares during the period. Menta Capital LLC boosted its position in Chuy’s Holdings by 83.6% in the first quarter. Menta Capital LLC now owns 15,761 shares of the company’s stock valued at $490,000 after buying an additional 7,178 shares during the period. Finally, Bank of Montreal Can bought a new position in Chuy’s Holdings during the second quarter valued at $426,000.

About Chuy’s Holdings

Chuy’s Holdings, Inc is a full-service restaurant concept company offering a menu of Mexican and Tex Mex inspired food. The Company operates through full-service, casual dining, Mexican food restaurants segment. The Company operates its restaurants under the name Chuy’s. The Company operates approximately 70 Chuy’s restaurants across 14 states.

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