State of Alaska Department of Revenue Sells 556 Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY)

State of Alaska Department of Revenue decreased its holdings in Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 5.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,676 shares of the restaurant operator’s stock after selling 556 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Chuy’s worth $408,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CHUY. US Bancorp DE purchased a new stake in Chuy’s in the 2nd quarter valued at about $27,000. Captrust Financial Advisors increased its stake in Chuy’s by 171.3% in the 1st quarter. Captrust Financial Advisors now owns 1,210 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 764 shares during the last quarter. Point72 Middle East FZE purchased a new stake in Chuy’s in the 4th quarter valued at about $39,000. Castleview Partners LLC purchased a new stake in Chuy’s in the 1st quarter valued at about $68,000. Finally, Osaic Holdings Inc. increased its stake in Chuy’s by 1,035.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,214 shares of the restaurant operator’s stock valued at $90,000 after buying an additional 2,019 shares during the last quarter. Institutional investors own 99.92% of the company’s stock.

Chuy’s Trading Up 0.2 %

Chuy’s stock opened at $31.55 on Friday. The firm has a 50 day simple moving average of $33.69 and a 200 day simple moving average of $34.50. Chuy’s Holdings, Inc. has a 1-year low of $31.01 and a 1-year high of $43.17. The firm has a market capitalization of $546.76 million, a price-to-earnings ratio of 18.13 and a beta of 1.63.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. Chuy’s had a net margin of 6.83% and a return on equity of 13.96%. The firm had revenue of $116.30 million during the quarter, compared to the consensus estimate of $116.63 million. During the same period last year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts forecast that Chuy’s Holdings, Inc. will post 1.85 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CHUY shares. Wedbush decreased their price target on shares of Chuy’s from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Stephens started coverage on shares of Chuy’s in a research note on Friday. They set an “overweight” rating and a $40.00 price target for the company. Piper Sandler decreased their price target on shares of Chuy’s from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Finally, StockNews.com lowered shares of Chuy’s from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Chuy’s has an average rating of “Moderate Buy” and an average price target of $39.71.

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.