Vanguard Group Inc. Boosts Position in Chuy’s Holdings, Inc. (CHUY)

Vanguard Group Inc. boosted its stake in Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 5.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 941,354 shares of the restaurant operator’s stock after acquiring an additional 47,580 shares during the quarter. Vanguard Group Inc. owned 5.57% of Chuy’s Holdings worth $22,027,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its position in Chuy’s Holdings by 5.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 78,927 shares of the restaurant operator’s stock valued at $2,353,000 after acquiring an additional 3,915 shares in the last quarter. Penn Capital Management Co. Inc. lifted its position in Chuy’s Holdings by 10.6% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 209,560 shares of the restaurant operator’s stock valued at $4,904,000 after acquiring an additional 20,167 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in Chuy’s Holdings by 11.2% in the 2nd quarter. Stephens Investment Management Group LLC now owns 1,267,202 shares of the restaurant operator’s stock valued at $29,653,000 after acquiring an additional 127,669 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in Chuy’s Holdings in the 2nd quarter valued at $642,000. Finally, OppenheimerFunds Inc. bought a new stake in Chuy’s Holdings in the 1st quarter valued at $267,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) opened at $23.70 on Wednesday. Chuy’s Holdings, Inc. has a 52 week low of $18.00 and a 52 week high of $35.30. The stock has a market cap of $390.71, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 1.46 and a beta of -0.01.

Chuy’s Holdings (NASDAQ:CHUY) last issued its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). Chuy’s Holdings had a net margin of 4.37% and a return on equity of 9.98%. The business had revenue of $92.19 million during the quarter, compared to analyst estimates of $92.90 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. equities research analysts expect that Chuy’s Holdings, Inc. will post 0.97 EPS for the current year.

Chuy’s Holdings declared that its board has authorized a stock repurchase program on Thursday, November 2nd that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the restaurant operator to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

CHUY has been the topic of several research reports. Wedbush reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Chuy’s Holdings in a research report on Sunday, July 30th. Zacks Investment Research raised shares of Chuy’s Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Robert W. Baird reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Chuy’s Holdings in a research report on Monday, October 9th. Raymond James Financial, Inc. raised shares of Chuy’s Holdings to a “buy” rating in a research report on Sunday, July 23rd. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Chuy’s Holdings in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Chuy’s Holdings currently has an average rating of “Hold” and an average target price of $26.00.

Chuy’s Holdings Profile

Chuy’s Holdings, Inc operates Chuy’s, a restaurant concept offering a distinct menu of authentic, freshly prepared Mexican and Tex-Mex inspired food. As of December 25, 2016, the Company operated 80 Chuy’s restaurants across 16 states. The Company offers the same menu during lunch and dinner, which includes enchiladas, fajitas, tacos, burritos, combination platters and daily specials, complemented by a range of appetizers, soups and salads.

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Institutional Ownership by Quarter for Chuy`s Holdings (NASDAQ:CHUY)

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