Bank of New York Mellon Corp grew its position in Chuy’s Holdings, Inc. (NASDAQ:CHUY – Free Report) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,973 shares of the restaurant operator’s stock after buying an additional 7,256 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.37% of Chuy’s worth $8,890,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Chuy’s in the first quarter worth about $185,000. Bailard Inc. acquired a new stake in shares of Chuy’s during the first quarter worth approximately $222,000. Versor Investments LP acquired a new stake in shares of Chuy’s during the first quarter worth approximately $301,000. Texas Permanent School Fund Corp boosted its holdings in shares of Chuy’s by 33.4% during the first quarter. Texas Permanent School Fund Corp now owns 16,139 shares of the restaurant operator’s stock worth $579,000 after purchasing an additional 4,040 shares during the period. Finally, MQS Management LLC acquired a new stake in shares of Chuy’s during the first quarter worth approximately $247,000. 99.92% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts recently commented on the stock. TheStreet upgraded shares of Chuy’s from a “c+” rating to a “b” rating in a report on Thursday, May 18th. Wedbush restated an “outperform” rating and set a $46.00 price target on shares of Chuy’s in a report on Friday, August 4th. Piper Sandler started coverage on shares of Chuy’s in a research note on Monday, July 17th. They issued a “neutral” rating and a $43.00 target price for the company. StockNews.com started coverage on shares of Chuy’s in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Finally, Stifel Nicolaus lifted their target price on shares of Chuy’s from $36.00 to $37.00 in a research note on Tuesday, May 23rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.50.
Chuy’s Stock Down 1.4 %
NASDAQ:CHUY opened at $37.55 on Friday. Chuy’s Holdings, Inc. has a 12 month low of $21.07 and a 12 month high of $43.17. The firm has a market cap of $677.36 million, a price-to-earnings ratio of 25.90 and a beta of 1.72. The company’s 50 day moving average is $39.71 and its 200-day moving average is $37.57.
Chuy’s (NASDAQ:CHUY – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Chuy’s had a net margin of 5.97% and a return on equity of 12.11%. The company had revenue of $119.00 million for the quarter, compared to analyst estimates of $118.27 million. During the same quarter last year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts predict that Chuy’s Holdings, Inc. will post 1.85 EPS for the current fiscal year.
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.
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