Summit Creek Advisors LLC cut its stake in shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 6.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 222,247 shares of the restaurant operator’s stock after selling 15,970 shares during the period. Summit Creek Advisors LLC owned approximately 1.32% of Chuy’s Holdings worth $5,201,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the stock. Great West Life Assurance Co. Can boosted its stake in Chuy’s Holdings by 7.4% in the first quarter. Great West Life Assurance Co. Can now owns 24,566 shares of the restaurant operator’s stock valued at $732,000 after buying an additional 1,701 shares during the period. Geneva Advisors LLC purchased a new stake in Chuy’s Holdings during the first quarter valued at $929,000. Russell Investments Group Ltd. boosted its stake in Chuy’s Holdings by 115.2% in the first quarter. Russell Investments Group Ltd. now owns 271,696 shares of the restaurant operator’s stock valued at $8,097,000 after buying an additional 145,426 shares during the period. Strs Ohio boosted its stake in Chuy’s Holdings by 3.4% in the first quarter. Strs Ohio now owns 150,000 shares of the restaurant operator’s stock valued at $4,470,000 after buying an additional 5,000 shares during the period. Finally, Mesirow Financial Investment Management Equity Management purchased a new stake in Chuy’s Holdings during the first quarter valued at $401,000. 98.37% of the stock is owned by institutional investors and hedge funds.
Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) traded down 2.73% during trading on Friday, hitting $23.20. 149,271 shares of the stock traded hands. The company’s 50 day moving average is $23.88 and its 200 day moving average is $27.67. The firm has a market cap of $391.96 million, a PE ratio of 22.75 and a beta of 0.01. Chuy’s Holdings, Inc. has a 52-week low of $21.59 and a 52-week high of $35.30.
Chuy’s Holdings (NASDAQ:CHUY) last released its earnings results on Thursday, May 4th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. Chuy’s Holdings had a net margin of 5.09% and a return on equity of 11.81%. The firm had revenue of $86.90 million during the quarter, compared to the consensus estimate of $87.80 million. During the same period in the previous year, the firm earned $0.27 earnings per share. Chuy’s Holdings’s revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts predict that Chuy’s Holdings, Inc. will post $1.09 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This article was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://stocknewstimes.com/2017/07/29/chuys-holdings-inc-nasdaqchuy-position-cut-by-summit-creek-advisors-llc-updated.html.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Chuy’s Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Wells Fargo & Company cut shares of Chuy’s Holdings from an “outperform” rating to a “market perform” rating and set a $31.00 price target for the company. in a research note on Friday, May 19th. TheStreet raised shares of Chuy’s Holdings from a “c+” rating to a “b-” rating in a research note on Monday, May 22nd. Raymond James Financial, Inc. upgraded shares of Chuy’s Holdings to a “buy” rating in a report on Sunday, July 23rd. Finally, BidaskClub lowered shares of Chuy’s Holdings from a “sell” rating to a “strong sell” rating in a report on Friday. Two research analysts have 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 stock currently has a consensus rating of “Hold” and an average price target of $29.63.
In other Chuy’s Holdings news, insider Sharon A. Russell sold 862 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $31.00, for a total transaction of $26,722.00. Following the completion of the sale, the insider now directly owns 3,415 shares in the company, valued at $105,865. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sharon A. Russell sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $30.83, for a total transaction of $277,470.00. Following the sale, the insider now owns 4,277 shares of the company’s stock, valued at $131,859.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,000 shares of company stock valued at $339,470. 3.30% of the stock is owned by insiders.
Chuy’s Holdings Company 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.
Receive News & Ratings for Chuy's Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chuy's Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
