Chuy's Holdings Inc (NASDAQ:CHUY)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $18.50 and last traded at $18.50, with a volume of 165,349 shares trading hands. The stock had previously closed at $18.90.

Several equities analysts have recently issued reports on the company. Wells Fargo & Company cut Chuy's Holdings from an “outperform” rating to a “market perform” rating and set a $31.00 target price on the stock. in a research note on Friday, May 19th. TheStreet raised Chuy's Holdings from a “c+” rating to a “b-” rating in a research note on Monday, May 22nd. Raymond James Financial, Inc. raised Chuy's Holdings to a “buy” rating in a research note on Sunday, July 23rd. BidaskClub cut Chuy's Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Wedbush cut Chuy's Holdings from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $34.00 to $23.00 in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $27.88.

The firm’s 50 day moving average is $21.26 and its 200-day moving average is $25.85. The stock has a market cap of $311.90 million, a P/E ratio of 18.62 and a beta of 0.01.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mesirow Financial Investment Management Inc. purchased a new position in Chuy's Holdings during the 2nd quarter worth $451,000. Wasatch Advisors Inc. increased its holdings in Chuy's Holdings by 31.2% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,393,110 shares of the restaurant operator’s stock worth $32,599,000 after purchasing an additional 331,599 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Chuy's Holdings by 73.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 67,146 shares of the restaurant operator’s stock worth $1,571,000 after purchasing an additional 28,503 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Chuy's Holdings by 347.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 57,452 shares of the restaurant operator’s stock worth $1,345,000 after purchasing an additional 44,607 shares during the period. Finally, State Street Corp increased its holdings in Chuy's Holdings by 5.0% during the 2nd quarter. State Street Corp now owns 391,381 shares of the restaurant operator’s stock worth $9,159,000 after purchasing an additional 18,708 shares during the period. Institutional investors own 99.85% of the company’s stock.

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About Chuy's Holdings

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.