Shares of Chuy's Holdings Inc (NASDAQ:CHUY) have been given an average recommendation of “Hold” by the eleven analysts that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $26.88.

Several analysts have recently weighed in on CHUY shares. Robert W. Baird lowered their target price on Chuy's from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. BMO Capital Markets restated a “hold” rating on shares of Chuy's in a research note on Monday, November 6th. BidaskClub downgraded Chuy's from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. TheStreet upgraded Chuy's from a “c+” rating to a “b-” rating in a research note on Friday, December 15th. Finally, Zacks Investment Research upgraded Chuy's from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th.

Shares of Chuy's (CHUY) traded up $0.40 during trading on Friday, hitting $25.50. The stock had a trading volume of 123,040 shares, compared to its average volume of 148,149. The firm has a market capitalization of $424.53, a P/E ratio of 28.02, a PEG ratio of 1.40 and a beta of -0.28. Chuy's has a 12 month low of $18.00 and a 12 month high of $32.10.

Chuy's declared that its board has approved a share buyback program on Thursday, November 2nd that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Large investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan grew its stake in Chuy's by 59.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,340 shares of the restaurant operator’s stock worth $133,000 after purchasing an additional 2,370 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Chuy's in the fourth quarter worth about $205,000. Aperio Group LLC acquired a new position in Chuy's in the fourth quarter worth about $224,000. BNP Paribas Arbitrage SA grew its stake in Chuy's by 71.8% in the third quarter. BNP Paribas Arbitrage SA now owns 8,488 shares of the restaurant operator’s stock worth $179,000 after purchasing an additional 3,547 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in Chuy's by 15.1% in the second quarter. Voya Investment Management LLC now owns 9,004 shares of the restaurant operator’s stock worth $211,000 after purchasing an additional 1,178 shares in the last quarter. Institutional investors and hedge funds own 95.60% of the company’s stock.

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About Chuy's

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 (NASDAQ:CHUY)

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