Chuy’s Holdings Inc. (NASDAQ:CHUY) fell 2.8% during mid-day trading on Friday . The stock traded as low as $31.55 and last traded at $31.64, with a volume of 213,642 shares trading hands. The stock had previously closed at $32.54.

Several brokerages recently issued reports on CHUY. BMO Capital Markets reiterated a “hold” rating and issued a $34.00 price target on shares of Chuy’s Holdings in a research note on Wednesday, August 3rd. Wedbush cut their price target on Chuy’s Holdings from $38.00 to $34.00 and set an “outperform” rating for the company in a research note on Wednesday, August 3rd. Zacks Investment Research cut Chuy’s Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Telsey Advisory Group cut Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $38.00 price target for the company. in a research note on Tuesday, July 26th. Finally, Stifel Nicolaus cut Chuy’s Holdings from a “buy” rating to a “hold” rating and cut their price target for the company from $45.00 to $32.00 in a research note on Tuesday, July 26th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.67.

The company has a market capitalization of $535.39 million and a P/E ratio of 37.03. The stock has a 50-day moving average of $34.33 and a 200 day moving average of $32.60.

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

In other news, CEO Steven J. Hislop sold 6,295 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The shares were sold at an average price of $34.04, for a total transaction of $214,281.80. Following the completion of the sale, the chief executive officer now owns 121,500 shares in the company, valued at approximately $4,135,860. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Roger Young sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $35.41, for a total transaction of $106,230.00. Following the sale, the director now owns 862 shares of the company’s stock, valued at approximately $30,523.42. 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 filing with the Securities and Exchange Commission. The fund purchased 36,000 shares of the company’s stock, valued at approximately $1,128,000. Employees Retirement System of Texas owned approximately 0.22% of Chuy’s Holdings as of its most recent filing with the SEC.

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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