Chuy’s Holdings, Inc. (NASDAQ:CHUY) Lifted to “Buy” at Raymond James Financial, Inc.

Raymond James Financial, Inc. upgraded shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) to a buy rating in a research note released on Sunday, July 23rd.

CHUY has been the topic of several other research reports. TheStreet downgraded Chuy’s Holdings from a b- rating to a c rating in a research note on Tuesday, June 20th. Wells Fargo & Company downgraded Chuy’s Holdings from an outperform rating to a market perform rating and set a $31.00 price objective on the stock. in a research note on Friday, May 19th. Wedbush downgraded Chuy’s Holdings from an outperform rating to a neutral rating and dropped their price objective for the company from $34.00 to $23.00 in a research note on Wednesday, June 21st. Zacks Investment Research upgraded Chuy’s Holdings from a sell rating to a hold rating in a research note on Tuesday, May 2nd. Finally, Stephens dropped their price objective on Chuy’s Holdings from $35.00 to $32.00 and set an overweight rating on the stock in a research note on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $27.88.

Shares of Chuy’s Holdings (NASDAQ:CHUY) traded down 1.94% during midday trading on Friday, reaching $20.20. The company’s stock had a trading volume of 155,615 shares. The stock has a 50-day moving average of $22.69 and a 200 day moving average of $26.78. The company has a market cap of $341.48 million, a price-to-earnings ratio of 20.38 and a beta of 0.01. Chuy’s Holdings has a 12 month low of $20.12 and a 12 month high of $35.30.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its position in Chuy’s Holdings by 7.4% in the first quarter. Great West Life Assurance Co. Can now owns 24,566 shares of the restaurant operator’s stock valued at $732,000 after buying an additional 1,701 shares during the last quarter. Geneva Advisors LLC purchased a new position in Chuy’s Holdings during the first quarter valued at $929,000. Russell Investments Group Ltd. boosted its position in Chuy’s Holdings by 115.2% in the first quarter. Russell Investments Group Ltd. now owns 271,696 shares of the restaurant operator’s stock valued at $8,097,000 after buying an additional 145,426 shares during the last quarter. Strs Ohio boosted its position in Chuy’s Holdings by 3.4% in the first quarter. Strs Ohio now owns 150,000 shares of the restaurant operator’s stock valued at $4,470,000 after buying an additional 5,000 shares during the last quarter. Finally, Mesirow Financial Investment Management Equity Management purchased a new position in Chuy’s Holdings during the first quarter valued at $401,000. 98.37% of the stock is currently owned by hedge funds and other institutional investors.

Chuy’s Holdings Company Profile

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.

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