State Board of Administration of Florida Retirement System decreased its position in shares of Chuy’s Holdings Inc. (NASDAQ:CHUY) by 14.7% during the second quarter, Holdings Channel reports. The fund owned 10,102 shares of the company’s stock after selling 1,745 shares during the period. State Board of Administration of Florida Retirement System owned 0.06% of Chuy’s Holdings worth $350,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA bought a new stake in Chuy’s Holdings during the second quarter worth $178,000. 1st Global Advisors Inc. bought a new stake in Chuy’s Holdings during the second quarter worth $220,000. Louisiana State Employees Retirement System bought a new stake in Chuy’s Holdings during the second quarter worth $253,000. New York State Teachers Retirement System increased its stake in Chuy’s Holdings by 453.1% in the second quarter. New York State Teachers Retirement System now owns 7,743 shares of the company’s stock worth $268,000 after buying an additional 6,343 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in Chuy’s Holdings during the second quarter worth $426,000.
Chuy’s Holdings Inc. (NASDAQ:CHUY) traded up 2.29% on Wednesday, reaching $26.84. 55,748 shares of the company traded hands. The company has a market capitalization of $450.75 million and a PE ratio of 31.17. The stock has a 50-day moving average of $28.96 and a 200 day moving average of $32.02. Chuy’s Holdings Inc. has a 52-week low of $25.87 and a 52-week high of $37.78.
Chuy’s Holdings (NASDAQ:CHUY) last announced its earnings results on Tuesday, August 2nd. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Chuy’s Holdings had a net margin of 4.70% and a return on equity of 12.59%. The company had revenue of $87.90 million for the quarter, compared to analysts’ expectations of $87.45 million. During the same period last year, the firm earned $0.32 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities analysts forecast that Chuy’s Holdings Inc. will post $1.08 EPS for the current year.
A number of equities research analysts have weighed in on CHUY shares. Stifel Nicolaus downgraded Chuy’s Holdings from a “buy” rating to a “hold” rating and decreased their price objective for the company from $45.00 to $32.00 in a report on Tuesday, July 26th. TheStreet downgraded Chuy’s Holdings from a “buy” rating to a “hold” rating in a report on Thursday, September 29th. BMO Capital Markets reissued a “hold” rating and issued a $34.00 target price on shares of Chuy’s Holdings in a report on Wednesday, August 3rd. Zacks Investment Research downgraded Chuy’s Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Finally, Telsey Advisory Group downgraded Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $38.00 target price on the stock. in a report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.67.
In other news, Director Michael Roger Young sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $33.67, for a total transaction of $33,670.00. Following the transaction, the director now directly owns 862 shares of the company’s stock, valued at $29,023.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.00% of the company’s stock.
Chuy’s Holdings Company Profile
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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