Alps Advisors Inc. cut its position in shares of Chuy’s Holdings Inc. (NASDAQ:CHUY) by 6.9% during the second quarter, Holdings Channel reports. The firm owned 12,710 shares of the company’s stock after selling 936 shares during the period. Alps Advisors Inc.’s holdings in Chuy’s Holdings were worth $440,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Chuy’s Holdings by 5.9% in the first quarter. Geode Capital Management LLC now owns 108,230 shares of the company’s stock worth $3,362,000 after buying an additional 6,009 shares during the period. GW&K Investment Management LLC boosted its stake in Chuy’s Holdings by 11.4% in the second quarter. GW&K Investment Management LLC now owns 131,869 shares of the company’s stock worth $4,564,000 after buying an additional 13,461 shares during the period. Menta Capital LLC boosted its stake in Chuy’s Holdings by 83.6% in the first quarter. Menta Capital LLC now owns 15,761 shares of the company’s stock worth $490,000 after buying an additional 7,178 shares during the period. Bank of Montreal Can acquired a new stake in Chuy’s Holdings during the second quarter worth approximately $426,000. Finally, Hancock Holding Co. acquired a new stake in Chuy’s Holdings during the first quarter worth approximately $7,925,000.
Chuy’s Holdings Inc. (NASDAQ:CHUY) traded down 2.06% during mid-day trading on Thursday, reaching $27.15. The company had a trading volume of 263,528 shares. The company has a market capitalization of $455.96 million and a price-to-earnings ratio of 31.53. Chuy’s Holdings Inc. has a 12 month low of $26.78 and a 12 month high of $37.78. The firm’s 50 day moving average price is $29.43 and its 200-day moving average price is $32.10.
Chuy’s Holdings (NASDAQ:CHUY) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The business earned $87.90 million during the quarter, compared to analysts’ expectations of $87.45 million. Chuy’s Holdings had a return on equity of 12.59% and a net margin of 4.70%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS. Equities research analysts anticipate that Chuy’s Holdings Inc. will post $1.08 earnings per share for the current year.
A number of equities research analysts have commented on CHUY shares. Robert W. Baird reiterated a “neutral” rating on shares of Chuy’s Holdings in a research note on Thursday, September 8th. Zacks Investment Research cut Chuy’s Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet cut Chuy’s Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, September 29th. Stifel Nicolaus cut Chuy’s Holdings from a “buy” rating to a “hold” rating and decreased their price target for the company from $45.00 to $32.00 in a research note on Tuesday, July 26th. Finally, Wedbush reduced their price objective on Chuy’s Holdings from $38.00 to $34.00 and set an “outperform” rating for the company in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $34.67.
In other news, Director Michael Roger Young sold 1,000 shares of the company’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $34.09, for a total transaction of $34,090.00. Following the completion of the transaction, the director now directly owns 862 shares of the company’s stock, valued at approximately $29,385.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 4.00% of the company’s stock.
About Chuy’s Holdings
Chuy’s Holdings, Inc is a full-service restaurant concept company offering a menu of Mexican and Tex Mex inspired food. The Company operates through full-service, casual dining, Mexican food restaurants segment. The Company operates its restaurants under the name Chuy’s. The Company operates approximately 70 Chuy’s restaurants across 14 states.
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