Chuy’s Holdings Inc. (NASDAQ:CHUY)’s share price dropped 5.3% during mid-day trading on Tuesday . The stock traded as low as $33.27 and last traded at $33.29, with a volume of 206,421 shares. The stock had previously closed at $35.15.

CHUY has been the topic of several research reports. Robert W. Baird reissued a “hold” rating on shares of Chuy’s Holdings in a research note on Monday, May 16th. Stifel Nicolaus lowered Chuy’s Holdings from a “buy” rating to a “hold” rating and decreased their target price for the stock from $45.00 to $32.00 in a research note on Tuesday, July 26th. BMO Capital Markets reissued a “hold” rating on shares of Chuy’s Holdings in a research note on Wednesday, May 4th. TheStreet raised Chuy’s Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, May 3rd. Finally, Jefferies Group reissued a “hold” rating and set a $33.00 target price (up previously from $31.00) on shares of Chuy’s Holdings in a research note on Friday, May 6th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Chuy’s Holdings currently has an average rating of “Hold” and an average price target of $34.57.

The firm has a 50 day moving average of $34.90 and a 200 day moving average of $32.68. The firm has a market cap of $550.21 million and a price-to-earnings ratio of 38.75.

Chuy’s Holdings (NASDAQ:CHUY) last issued its earnings results on Tuesday, August 2nd. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. During the same period in the previous year, the company earned $0.32 EPS. The company earned $87.90 million during the quarter, compared to analysts’ expectations of $87.45 million. Chuy’s Holdings’s quarterly revenue was up 16.6% on a year-over-year basis. On average, equities research analysts forecast that Chuy’s Holdings Inc. will post $1.08 earnings per share for the current fiscal year.

In related news, CEO Steven J. Hislop sold 6,295 shares of the business’s 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 transaction, the chief executive officer now owns 121,500 shares in the company, valued at $4,135,860. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael Roger Young sold 1,000 shares of the business’s 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 transaction, the director now owns 862 shares in the company, valued at approximately $28,825.28. The disclosure for this sale can be found here.

An institutional investor recently bought a new position in Chuy’s Holdings stock. Employees Retirement System of Texas purchased a new stake in Chuy’s Holdings Inc. (NASDAQ:CHUY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,000 shares of the company’s stock, valued at approximately $1,128,000. Employees Retirement System of Texas owned 0.22% of Chuy’s Holdings at the end of the most recent quarter.

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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