Telsey Advisory Group restated their market perform rating on shares of Chuy's (NASDAQ:CHUY) in a research note issued to investors on Wednesday morning, Marketbeat.com reports. Telsey Advisory Group currently has a $29.00 target price on the restaurant operator’s stock, up from their previous target price of $23.00.
Other equities research analysts have also issued research reports about the stock. TheStreet upgraded shares of Chuy's from a c+ rating to a b- rating in a report on Friday, December 15th. Zacks Investment Research upgraded shares of Chuy's from a hold rating to a buy rating and set a $30.00 target price for the company in a report on Wednesday, January 31st. BidaskClub upgraded shares of Chuy's from a hold rating to a buy rating in a report on Friday, December 15th. BMO Capital Markets restated a hold rating on shares of Chuy's in a report on Monday, November 6th. Finally, Robert W. Baird lowered their target price on shares of Chuy's from $24.00 to $23.00 and set a neutral rating for the company in a report on Friday, November 3rd. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $27.30.
Chuy's (NASDAQ CHUY) traded up $0.30 during trading on Wednesday, hitting $27.00. 287,500 shares of the stock traded hands, compared to its average volume of 143,875. The company has a market cap of $451.60, a price-to-earnings ratio of 29.67, a PEG ratio of 1.45 and a beta of -0.28. Chuy's has a 12-month low of $18.00 and a 12-month high of $32.10.
A number of hedge funds have recently bought and sold shares of CHUY. Municipal Employees Retirement System of Michigan increased its stake in Chuy's by 59.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,340 shares of the restaurant operator’s stock worth $133,000 after buying an additional 2,370 shares during the period. BNP Paribas Arbitrage SA increased its stake in Chuy's by 71.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,488 shares of the restaurant operator’s stock worth $179,000 after buying an additional 3,547 shares during the period. Louisiana State Employees Retirement System purchased a new position in Chuy's in the 4th quarter worth about $205,000. Voya Investment Management LLC increased its stake in Chuy's by 15.1% in the 2nd quarter. Voya Investment Management LLC now owns 9,004 shares of the restaurant operator’s stock worth $211,000 after buying an additional 1,178 shares during the period. Finally, Aperio Group LLC purchased a new position in Chuy's in the 4th quarter worth about $224,000. 97.88% of the stock is currently owned by institutional investors.
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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