Zacks Investment Research lowered shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) from a hold rating to a sell rating in a report issued on Friday.

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. “

CHUY has been the subject of several other research reports. Raymond James Financial, Inc. raised Chuy’s Holdings from a market perform rating to an outperform rating and set a $29.00 price target for the company in a research note on Monday, July 17th. TheStreet cut Chuy’s Holdings from a b- rating to a c rating in a research note on Tuesday, June 20th. BMO Capital Markets lowered their price target on Chuy’s Holdings from $31.00 to $24.00 and set a market perform rating for the company in a research note on Friday, August 4th. Stifel Nicolaus initiated coverage on Chuy’s Holdings in a report on Monday, October 2nd. They issued a hold rating and a $23.00 target price for the company. Finally, Wedbush lowered Chuy’s Holdings from an outperform rating to a neutral rating and reduced their target price for the stock from $34.00 to $23.00 in a report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Chuy’s Holdings presently has an average rating of Hold and a consensus target price of $26.89.

Chuy’s Holdings (CHUY) traded down 1.43% on Friday, reaching $20.70. 387,641 shares of the company traded hands. The firm has a 50 day moving average price of $20.03 and a 200 day moving average price of $24.35. The stock has a market capitalization of $349.93 million, a price-to-earnings ratio of 20.89 and a beta of -0.02. Chuy’s Holdings has a 52-week low of $18.00 and a 52-week high of $35.30.

TRADEMARK VIOLATION WARNING: “Chuy’s Holdings, Inc. (CHUY) Downgraded to Sell at Zacks Investment Research” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2017/10/14/chuys-holdings-inc-chuy-downgraded-to-sell-at-zacks-investment-research.html.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. lifted its holdings in Chuy’s Holdings by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 17,287 shares of the restaurant operator’s stock worth $405,000 after purchasing an additional 45 shares during the last quarter. Arizona State Retirement System lifted its holdings in Chuy’s Holdings by 1.1% in the 1st quarter. Arizona State Retirement System now owns 8,800 shares of the restaurant operator’s stock worth $262,000 after purchasing an additional 100 shares during the last quarter. Texas Permanent School Fund lifted its holdings in Chuy’s Holdings by 1.3% in the 2nd quarter. Texas Permanent School Fund now owns 12,335 shares of the restaurant operator’s stock worth $289,000 after purchasing an additional 155 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in Chuy’s Holdings by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 3,934 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 258 shares during the last quarter. Finally, Comerica Bank lifted its holdings in Chuy’s Holdings by 3.4% in the 1st quarter. Comerica Bank now owns 15,848 shares of the restaurant operator’s stock worth $460,000 after purchasing an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

About Chuy’s Holdings

Chuy’s Holdings, Inc operates Chuy’s, a restaurant concept offering a distinct menu of authentic, freshly prepared Mexican and Tex-Mex inspired food. As of December 25, 2016, the Company operated 80 Chuy’s restaurants across 16 states. The Company offers the same menu during lunch and dinner, which includes enchiladas, fajitas, tacos, burritos, combination platters and daily specials, complemented by a range of appetizers, soups and salads.

Analyst Recommendations for Chuy`s Holdings (NASDAQ:CHUY)

Receive News & Stock Ratings for Chuy's Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chuy's Holdings Inc. and related stocks with our FREE daily email newsletter.