Wedbush Maintains Their Hold Rating on Chuy’s Holdings

By Ryan Adsit

Wedbush analyst Nick Setyan maintained a Hold rating on Chuy’s Holdings (NASDAQ: CHUY) on July 27 and set a price target of $23. The company’s shares closed on Friday at $23.20, close to its 52-week high of $35.30.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.6% and a 60.0% success rate. Setyan covers the Services sector, focusing on stocks such as Popeyes Louisiana Kitchen, Del Taco Restaurants, and Jack In The Box Inc.

Currently, the analyst consensus on Chuy’s Holdings is Hold and the average price target is $28.25, representing a 21.8% upside.

In a report issued on July 28, Jefferies also reiterated a Hold rating on the stock with a $28 price target.

The company has a one year high of $35.30 and a one year low of $21.59. Currently, Chuy’s Holdings has an average volume of 188K.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2017, Sharon Russell, the Secretary and CAO of CHUY sold 9,000 shares for a total of $277,470.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Chuy’s Holdings, Inc. operates as an holding company with interest in operating a chain of restaurants. It offers 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.