Does Chuy's Holdings, Inc. (CHUY) Have Any Gas After Forming This Head & Shoulders Pattern?

Chuy's Holdings, Inc. (NASDAQ:CHUY) Logo

Investors sentiment increased to 1.73 in 2018 Q2. Its up 0.55, from 1.18 in 2018Q1. It is positive, as 8 investors sold Chuy's Holdings, Inc. shares while 33 reduced holdings. 26 funds opened positions while 45 raised stakes. 17.50 million shares or 1.48% more from 17.24 million shares in 2018Q1 were reported.
Legal General Plc reported 33,000 shares. Granahan Invest Mgmt Ma holds 0.84% in Chuy's Holdings, Inc. (NASDAQ:CHUY) or 452,446 shares. Vanguard Group reported 976,450 shares. Spark Inv Management Ltd Liability Company invested 0.09% in Chuy's Holdings, Inc. (NASDAQ:CHUY). Metropolitan Life Insurance Com has 0% invested in Chuy's Holdings, Inc. (NASDAQ:CHUY) for 6,012 shares. Timpani Cap Management reported 0.33% stake. Broadview Advsr Limited Liability Co invested in 2.35% or 478,682 shares. Bankshares Of New York Mellon reported 209,667 shares. Oakworth Capital Inc holds 0% or 250 shares in its portfolio. Geode Capital Management Ltd Company has 172,492 shares. Royal Natl Bank Of Canada reported 0% in Chuy's Holdings, Inc. (NASDAQ:CHUY). Assetmark reported 610 shares or 0% of all its holdings. Schwab Charles Invest Inc has 0% invested in Chuy's Holdings, Inc. (NASDAQ:CHUY). Connors Investor Ser Incorporated invested 0.04% of its portfolio in Chuy's Holdings, Inc. (NASDAQ:CHUY). Ameriprise accumulated 93,662 shares.

Since May 31, 2018, it had 0 insider purchases, and 1 sale for $41,301 activity. Another trade for 5,000 shares valued at $148,700 was sold by Howie Jon W.

The stock of Chuy's Holdings, Inc. (CHUY) formed H&S with $20.76 target or 3.00 % below today’s $21.40 share price. The 6 months Head & Shoulders indicates high risk for the $362.74 million company. It was reported on Dec, 2 by Faxor.com. If the $20.76 price target is reached, the company will be worth $10.88M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 3.82% or $0.85 during the last trading session, reaching $21.4. About 154,511 shares traded. Chuy's Holdings, Inc. (NASDAQ:CHUY) has risen 47.43% since December 2, 2017 and is uptrending. It has outperformed by 31.81% the S&P500.

Chuy's Holdings, Inc. (NASDAQ:CHUY) Ratings Coverage

Among 5 analysts covering Chuy’s Holdings (NASDAQ:CHUY), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. Chuy’s Holdings had 6 analyst reports since July 12, 2018 according to SRatingsIntel. BMO Capital Markets downgraded Chuy's Holdings, Inc. (NASDAQ:CHUY) rating on Monday, September 24. BMO Capital Markets has “Underperform” rating and $23 target. Stephens downgraded Chuy's Holdings, Inc. (NASDAQ:CHUY) rating on Wednesday, September 12. Stephens has “Equal-Weight” rating and $32 target. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, October 1. Wedbush maintained it with “Neutral” rating and $28 target in Friday, August 10 report. The stock of Chuy's Holdings, Inc. (NASDAQ:CHUY) earned “Market Perform” rating by Raymond James on Tuesday, July 17. As per Thursday, July 12, the company rating was maintained by Stifel Nicolaus.

More notable recent Chuy's Holdings, Inc. (NASDAQ:CHUY) news were published by: Seekingalpha.com which released: “Chuy’s Holdings, Inc. (CHUY) CEO Steven Hislop on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” on August 09, 2018, also Seekingalpha.com with their article: “Chuy’s Holdings: Stuck In The Middle – Seeking Alpha” published on September 03, 2018, Finance.Yahoo.com published: “Why Michael Kors Holdings, Tilray, and Chuy’s Holdings Slumped Today – Yahoo News” on September 24, 2018. More interesting news about Chuy's Holdings, Inc. (NASDAQ:CHUY) were released by: Benzinga.com and their article: “70 Stocks Moving In Wednesday’s Mid-Day Session – Benzinga” published on November 07, 2018 as well as Nasdaq.com‘s news article titled: “New Research Coverage Highlights Chuy’s, Viveve Medical, ClearSign Combustion, WhiteHorse Finance, Crinetics Pharmaceuticals, and Boston Omaha — Consolidated Revenues, Company Growth, and Expectations for 2018 – Nasdaq” with publication date: November 21, 2018.

ChuyÂ’s Holdings, Inc., through its subsidiary, ChuyÂ’s Opco, Inc., owns and operates restaurants under the ChuyÂ’s name in Texas and 16 states in the Southeastern and Midwestern United States. The company has market cap of $362.74 million. The companyÂ’s restaurants provide Mexican and Tex Mex inspired food. It has a 20.44 P/E ratio. As of February 28, 2017, it owned and operated 82 full-service restaurants in 16 states.

Chuy's Holdings, Inc. (NASDAQ:CHUY) Institutional Positions Chart

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