Chuy’s Holdings, Inc. (NASDAQ:CHUY) shares traded down 1.4% on Monday after BMO Capital Markets lowered their price target on the stock from $31.00 to $24.00. BMO Capital Markets currently has a market perform rating on the stock. Chuy’s Holdings traded as low as $20.25 and last traded at $21.15, with a volume of 150,972 shares changing hands. The stock had previously closed at $20.85.

A number of other research analysts also recently weighed in on CHUY. Wedbush reissued a “hold” rating and issued a $23.00 price objective on shares of Chuy’s Holdings in a research note on Sunday, July 30th. BidaskClub downgraded Chuy’s Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Raymond James Financial, Inc. raised Chuy’s Holdings to a “buy” rating in a research report on Sunday, July 23rd. Wells Fargo & Company downgraded Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $31.00 price target on the stock. in a research report on Friday, May 19th. Finally, TheStreet downgraded Chuy’s Holdings from a “b-” rating to a “c” rating in a research report on Tuesday, June 20th. Two equities 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 stock. Chuy’s Holdings has an average rating of “Hold” and a consensus price target of $28.50.

In other news, insider Sharon A. Russell sold 1,138 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $31.00, for a total transaction of $35,278.00. Following the sale, the insider now directly owns 3,115 shares in the company, valued at $96,565. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Sharon A. Russell sold 862 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $31.00, for a total value of $26,722.00. Following the sale, the insider now owns 3,415 shares in the company, valued at $105,865. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Geneva Advisors LLC boosted its stake in Chuy’s Holdings by 53.0% in the second quarter. Geneva Advisors LLC now owns 47,705 shares of the restaurant operator’s stock worth $1,116,000 after buying an additional 16,522 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in Chuy’s Holdings during the second quarter worth about $642,000. Frontier Capital Management Co. LLC boosted its stake in Chuy’s Holdings by 6.3% in the second quarter. Frontier Capital Management Co. LLC now owns 393,132 shares of the restaurant operator’s stock worth $9,199,000 after buying an additional 23,356 shares in the last quarter. KBC Group NV boosted its stake in Chuy’s Holdings by 40.8% in the second quarter. KBC Group NV now owns 26,216 shares of the restaurant operator’s stock worth $613,000 after buying an additional 7,597 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Chuy’s Holdings by 58.0% in the second quarter. BNP Paribas Arbitrage SA now owns 4,941 shares of the restaurant operator’s stock worth $116,000 after buying an additional 1,813 shares in the last quarter. Institutional investors and hedge funds own 98.37% of the company’s stock.

The stock has a market cap of $355.64 million, a price-to-earnings ratio of 20.64 and a beta of 0.01. The stock’s 50 day moving average price is $23.68 and its 200-day moving average price is $27.52.

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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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