Chuy’s (NASDAQ:CHUY) Stock Price Passes Above 200 Day Moving Average of $26.49

Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUYGet Rating) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.49 and traded as high as $34.46. Chuy’s shares last traded at $34.13, with a volume of 76,459 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on CHUY shares. Wedbush upped their price target on shares of Chuy’s from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, November 4th. StockNews.com upgraded shares of Chuy’s from a “hold” rating to a “buy” rating in a research note on Friday, January 13th. BMO Capital Markets boosted their price target on Chuy’s from $27.00 to $30.00 and gave the company a “market perform” rating in a research report on Monday, November 7th. Stephens reiterated an “overweight” rating and issued a $33.00 target price on shares of Chuy’s in a research note on Friday, January 13th. Finally, CL King assumed coverage on Chuy’s in a report on Tuesday, December 20th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Chuy’s currently has a consensus rating of “Moderate Buy” and an average price target of $32.60.

Chuy’s Trading Up 1.7 %

The company has a market cap of $622.66 million, a PE ratio of 27.04 and a beta of 1.65. The stock has a fifty day simple moving average of $30.88 and a two-hundred day simple moving average of $26.59.

Chuy’s (NASDAQ:CHUYGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The restaurant operator reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.07. The firm had revenue of $106.68 million during the quarter, compared to analysts’ expectations of $104.85 million. Chuy’s had a return on equity of 11.31% and a net margin of 5.85%. As a group, equities research analysts anticipate that Chuy’s Holdings, Inc. will post 1.29 EPS for the current fiscal year.

Insider Activity at Chuy’s

In other news, VP Michael C. Hatcher sold 6,942 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $33.61, for a total transaction of $233,320.62. Following the sale, the vice president now owns 19,436 shares of the company’s stock, valued at approximately $653,243.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Chuy’s

Several hedge funds and other institutional investors have recently bought and sold shares of CHUY. Quadrant Capital Group LLC increased its position in shares of Chuy’s by 622.7% in the third quarter. Quadrant Capital Group LLC now owns 1,243 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 1,071 shares in the last quarter. Captrust Financial Advisors increased its holdings in Chuy’s by 171.3% during the 1st quarter. Captrust Financial Advisors now owns 1,210 shares of the restaurant operator’s stock valued at $33,000 after acquiring an additional 764 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Chuy’s during the second quarter worth about $45,000. UBS Group AG lifted its holdings in shares of Chuy’s by 273.4% in the third quarter. UBS Group AG now owns 2,778 shares of the restaurant operator’s stock valued at $64,000 after purchasing an additional 2,034 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Chuy’s in the first quarter valued at approximately $68,000. 97.22% of the stock is owned by institutional investors and hedge funds.

Chuy’s Company Profile

(Get Rating)

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in the United States. As of December 26, 2021, it operated 96 restaurants in 17 states, including the Southeastern and Midwestern United States. The company was founded in 1982 and is headquartered in Austin, Texas.

Further Reading

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