Piper Sandler Trims Chuy’s (NASDAQ:CHUY) Target Price to $39.00

Chuy’s (NASDAQ:CHUY) had its price objective lowered by analysts at Piper Sandler from $42.00 to $39.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s target price would indicate a potential upside of 12.68% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Chuy’s from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 3rd. StockNews.com upgraded shares of Chuy’s from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Robert W. Baird boosted their price objective on shares of Chuy’s from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 4th. Stephens dropped their target price on shares of Chuy’s from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. Finally, Wedbush decreased their price objective on shares of Chuy’s from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.71.

Chuy’s Price Performance

Shares of CHUY stock traded down $0.47 during trading hours on Tuesday, reaching $34.61. 34,041 shares of the stock were exchanged, compared to its average volume of 110,959. Chuy’s has a 12-month low of $27.70 and a 12-month high of $43.17. The business’s fifty day moving average is $34.33 and its two-hundred day moving average is $37.30. The firm has a market capitalization of $600.48 million, a P/E ratio of 22.10 and a beta of 1.76.

Institutional Investors Weigh In On Chuy’s

Hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio grew its position in Chuy’s by 16.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,281 shares of the restaurant operator’s stock valued at $1,860,000 after buying an additional 7,511 shares during the last quarter. Townsquare Capital LLC lifted its stake in shares of Chuy’s by 86.2% in the 3rd quarter. Townsquare Capital LLC now owns 19,111 shares of the restaurant operator’s stock worth $680,000 after acquiring an additional 8,845 shares during the period. Royal Bank of Canada boosted its holdings in shares of Chuy’s by 19.7% in the third quarter. Royal Bank of Canada now owns 14,248 shares of the restaurant operator’s stock valued at $506,000 after acquiring an additional 2,343 shares in the last quarter. Sei Investments Co. acquired a new position in shares of Chuy’s during the third quarter worth about $232,000. Finally, AQR Capital Management LLC increased its stake in shares of Chuy’s by 25.0% during the third quarter. AQR Capital Management LLC now owns 45,233 shares of the restaurant operator’s stock worth $1,609,000 after acquiring an additional 9,033 shares during the period. Institutional investors and hedge funds own 99.92% of the company’s stock.

About Chuy’s

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in the United States. The company was founded in 1982 and is headquartered in Austin, Texas.