Here's Why Chuy's Holdings Stock Climbed Nearly 17% Higher in February
Shares of Chuy's Holdings (NASDAQ: CHUY) climbed 16.9% higher in February, according to data provided by S&P Global Market Intelligence. The stock has also climbed around 60% year to date. This impressive rally appears to be driven by investors looking for out-of-favor stocks that could benefit from a third round of economic stimulus.
For perspective, Chuy's stock just surpassed all-time highs reached way back in 2014. The stock has been a long-term underperformer as it's struggled to grow sales and create anything more than meager profits. Of course, things got much worse during the pandemic. As a casual-dining restaurant chain, the company struggled as it shifted to a more to-go operating model. However, since it has many locations in Texas (a state with looser dine-in restrictions), things weren't as bad as they could have been. And Chuy's even turned a small profit in the third quarter of 2020.
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Source Fool.com
