Chuy’s Holdings, Inc. (CHUY) Shares Bought by Stevens Capital Management LP

Stevens Capital Management LP increased its stake in shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 50.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,180 shares of the restaurant operator’s stock after buying an additional 4,397 shares during the quarter. Stevens Capital Management LP owned about 0.08% of Chuy’s Holdings worth $277,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its holdings in shares of Chuy’s Holdings by 58.0% during the second quarter. BNP Paribas Arbitrage SA now owns 4,941 shares of the restaurant operator’s stock valued at $116,000 after buying an additional 1,813 shares during the last quarter. Aperio Group LLC purchased a new stake in shares of Chuy’s Holdings during the second quarter valued at $206,000. OppenheimerFunds Inc. purchased a new stake in shares of Chuy’s Holdings during the first quarter valued at $267,000. Connors Investor Services Inc. grew its holdings in shares of Chuy’s Holdings by 12.5% during the second quarter. Connors Investor Services Inc. now owns 9,000 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 1,000 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Chuy’s Holdings by 15.1% during the second quarter. Voya Investment Management LLC now owns 9,004 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 1,178 shares during the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

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Chuy’s Holdings, Inc. (CHUY) opened at $23.75 on Tuesday. The stock has a market cap of $400.01, a price-to-earnings ratio of 24.90, a P/E/G ratio of 1.50 and a beta of -0.01. Chuy’s Holdings, Inc. has a 1 year low of $18.00 and a 1 year high of $35.30.

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

Chuy’s Holdings declared that its board has initiated a share repurchase plan on Thursday, November 2nd that allows the company to buyback $30.00 million in shares. This buyback authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of brokerages have recently weighed in on CHUY. Stifel Nicolaus began coverage on shares of Chuy’s Holdings in a report on Monday, October 2nd. They set a “hold” rating and a $23.00 price objective on the stock. BidaskClub lowered shares of Chuy’s Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Robert W. Baird dropped their price objective on shares of Chuy’s Holdings from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Jefferies Group LLC reissued a “hold” rating and set a $23.00 price objective (down from $28.00) on shares of Chuy’s Holdings in a report on Wednesday, August 9th. Finally, BMO Capital Markets dropped their price objective on shares of Chuy’s Holdings from $31.00 to $24.00 and set a “market perform” rating on the stock in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus 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.

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

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