Yousif Capital Management LLC Sells 350 Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY)

Yousif Capital Management LLC trimmed its holdings in shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 5.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,674 shares of the restaurant operator’s stock after selling 350 shares during the quarter. Yousif Capital Management LLC’s holdings in Chuy’s were worth $255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Chuy’s by 11.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,957 shares of the restaurant operator’s stock worth $141,000 after buying an additional 413 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Chuy’s by 57.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,347 shares of the restaurant operator’s stock worth $155,000 after buying an additional 1,583 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Chuy’s during the third quarter worth approximately $212,000. Louisiana State Employees Retirement System bought a new stake in shares of Chuy’s during the fourth quarter worth approximately $333,000. Finally, Illinois Municipal Retirement Fund bought a new stake in shares of Chuy’s during the third quarter worth approximately $398,000. 99.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on CHUY. Stephens began coverage on shares of Chuy’s in a research note on Friday, April 12th. They issued an “overweight” rating and a $40.00 target price for the company. Piper Sandler lowered their target price 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. StockNews.com raised shares of Chuy’s from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Wedbush lowered their target price 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. Three investment 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.71.

Chuy’s Stock Up 2.7 %

Chuy’s stock opened at $29.92 on Tuesday. The stock has a market capitalization of $515.52 million, a PE ratio of 17.20 and a beta of 1.68. Chuy’s Holdings, Inc. has a twelve month low of $28.73 and a twelve month high of $43.17. The company has a 50 day moving average of $32.36 and a 200-day moving average of $34.04.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.07. The company had revenue of $116.30 million during the quarter, compared to analysts’ expectations of $116.63 million. Chuy’s had a net margin of 6.83% and a return on equity of 13.96%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. Equities analysts anticipate that Chuy’s Holdings, Inc. will post 1.85 EPS for the current fiscal year.

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.