Amalgamated Bank Decreases Position in Chuy’s Holdings, Inc. (NASDAQ:CHUY)

Amalgamated Bank decreased its position in Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,091 shares of the restaurant operator’s stock after selling 389 shares during the period. Amalgamated Bank’s holdings in Chuy’s were worth $132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in Chuy’s by 85.0% during the second quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 466 shares during the last quarter. Lazard Asset Management LLC grew its position in Chuy’s by 607.2% in the first quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock worth $82,000 after acquiring an additional 2,107 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Chuy’s by 70.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock worth $90,000 after buying an additional 1,096 shares during the last quarter. SG Americas Securities LLC bought a new position in Chuy’s during the second quarter valued at approximately $133,000. Finally, EntryPoint Capital LLC raised its position in Chuy’s by 106.8% in the 1st quarter. EntryPoint Capital LLC now owns 5,193 shares of the restaurant operator’s stock worth $175,000 after purchasing an additional 2,682 shares during the period. 99.92% of the stock is owned by institutional investors.

Chuy’s Price Performance

CHUY opened at $37.40 on Wednesday. The firm has a market cap of $644.40 million, a PE ratio of 22.13 and a beta of 1.77. The stock has a 50-day moving average price of $37.19 and a 200-day moving average price of $31.74. Chuy’s Holdings, Inc. has a 1 year low of $22.52 and a 1 year high of $39.40.

Chuy’s (NASDAQ:CHUY) last issued its earnings results on Friday, August 9th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. Chuy’s had a net margin of 5.84% and a return on equity of 13.23%. The business had revenue of $119.80 million during the quarter, compared to analysts’ expectations of $120.46 million. As a group, sell-side analysts anticipate that Chuy’s Holdings, Inc. will post 1.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CHUY. Benchmark lowered shares of Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 target price on the stock. in a research note on Monday, August 19th. Wedbush reiterated a “neutral” rating and set a $37.50 target price (down previously from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Jefferies Financial Group cut Chuy’s from a “buy” rating to a “hold” rating and lowered their target price for the company from $38.00 to $24.00 in a research note on Thursday, July 11th. StockNews.com initiated coverage on Chuy’s in a research note on Wednesday. They issued a “hold” rating on the stock. Finally, Stephens reissued an “equal weight” rating and set a $37.50 price objective on shares of Chuy’s in a research report on Monday, August 12th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.25.

Chuy’s Profile

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.