Chuy’s Holdings Inc. (NASDAQ:CHUY) traded down 12.5% during mid-day trading on Tuesday . The company traded as low as $32.48 and last traded at $32.55, with a volume of 447,812 shares trading hands. The stock had previously closed at $37.21.

A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Chuy’s Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. BMO Capital Markets reissued a “hold” rating on shares of Chuy’s Holdings in a report on Wednesday, May 4th. TheStreet raised Chuy’s Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, May 3rd. Telsey Advisory Group lowered Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $38.00 price target on the stock. in a report on Tuesday. Finally, Jefferies Group reissued a “hold” rating and set a $33.00 price target (up from $31.00) on shares of Chuy’s Holdings in a report on Friday, May 6th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $36.71.

The stock has a 50-day moving average price of $35.23 and a 200-day moving average price of $32.74. The stock has a market cap of $553.23 million and a PE ratio of 39.35.

Chuy’s Holdings (NASDAQ:CHUY) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The business earned $78.10 million during the quarter, compared to the consensus estimate of $76.94 million. During the same quarter last year, the company earned $0.19 earnings per share. The firm’s revenue was up 16.9% compared to the same quarter last year. On average, equities research analysts anticipate that Chuy’s Holdings Inc. will post $1.08 EPS for the current year.

In other Chuy’s Holdings news, CEO Steven J. Hislop sold 6,295 shares of the stock in a transaction dated Tuesday, June 28th. The stock was sold at an average price of $34.04, for a total value of $214,281.80. Following the completion of the sale, the chief executive officer now directly owns 121,500 shares in the company, valued at $4,135,860. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Roger Young sold 1,000 shares of the stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $33.44, for a total value of $33,440.00. Following the completion of the sale, the director now owns 862 shares of the company’s stock, valued at $28,825.28. The disclosure for this sale can be found here.

Other large investors have made changes to their positions in the company. Employees Retirement System of Texas acquired a new stake in shares of Chuy’s Holdings during the fourth quarter valued at about $1,128,000. Sei Investments Co. increased its stake in shares of Chuy’s Holdings by 126.3% in the fourth quarter. Sei Investments Co. now owns 78,195 shares of the company’s stock valued at $2,450,000 after buying an additional 43,648 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Chuy’s Holdings by 22.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 567,764 shares of the company’s stock valued at $17,794,000 after buying an additional 102,752 shares during the period.

Chuy’s Holdings, Inc is a full-service restaurant concept company offering a menu of Mexican and Tex Mex inspired food. The Company operates through full-service, casual dining, Mexican food restaurants segment. The Company operates its restaurants under the name Chuy’s. The Company operates approximately 70 Chuy’s restaurants across 14 states.

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