Thomson Horstmann & Bryant Inc. Takes $5.99 Million Position in Chuy’s (CHUY)

Thomson Horstmann & Bryant Inc. bought a new position in Chuy’s (NASDAQ:CHUY) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 228,515 shares of the restaurant operator’s stock, valued at approximately $5,987,000. Thomson Horstmann & Bryant Inc. owned about 1.35% of Chuy’s as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Chuy’s by 1.1% in the 1st quarter. BlackRock Inc. now owns 2,205,995 shares of the restaurant operator’s stock valued at $57,797,000 after buying an additional 24,100 shares during the period. Northern Trust Corp boosted its holdings in shares of Chuy’s by 1.3% in the 1st quarter. Northern Trust Corp now owns 232,386 shares of the restaurant operator’s stock valued at $6,089,000 after buying an additional 2,950 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Chuy’s by 6.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 93,772 shares of the restaurant operator’s stock valued at $2,457,000 after buying an additional 6,076 shares during the period. Swiss National Bank boosted its holdings in shares of Chuy’s by 6.9% in the 1st quarter. Swiss National Bank now owns 29,500 shares of the restaurant operator’s stock valued at $773,000 after buying an additional 1,900 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of Chuy’s in the 1st quarter valued at about $242,000. 95.55% of the stock is owned by institutional investors.

Several research analysts have recently commented on CHUY shares. BMO Capital Markets lifted their price target on shares of Chuy’s from $27.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday, May 9th. Zacks Investment Research lowered shares of Chuy’s from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $29.00 price target (up from $23.00) on shares of Chuy’s in a report on Wednesday, February 28th. Stifel Nicolaus lifted their price target on shares of Chuy’s from $22.00 to $26.00 and gave the company a “hold” rating in a report on Wednesday, April 18th. Finally, ValuEngine raised shares of Chuy’s from a “sell” rating to a “hold” rating in a report on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $27.22.

In other Chuy’s news, CEO Steven J. Hislop sold 27,021 shares of the business’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $30.03, for a total transaction of $811,440.63. Following the completion of the transaction, the chief executive officer now directly owns 132,460 shares of the company’s stock, valued at approximately $3,977,773.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven J. Hislop sold 3,690 shares of the business’s stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $30.00, for a total transaction of $110,700.00. Following the transaction, the chief executive officer now directly owns 132,460 shares of the company’s stock, valued at $3,973,800. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Chuy’s stock opened at $28.80 on Friday. The stock has a market cap of $472.24 million, a price-to-earnings ratio of 30.00, a PEG ratio of 1.53 and a beta of -0.34. Chuy’s has a 52-week low of $18.00 and a 52-week high of $30.73.

Chuy’s (NASDAQ:CHUY) last posted its earnings results on Tuesday, May 8th. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The firm had revenue of $93.85 million for the quarter, compared to analyst estimates of $94.58 million. Chuy’s had a net margin of 7.33% and a return on equity of 8.16%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 earnings per share. equities research analysts predict that Chuy’s will post 1.12 earnings per share for the current fiscal year.

Chuy’s Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 31, 2017, the company operated 91 Chuy's restaurants in 19 states. Chuy's Holdings, Inc was founded in 1982 and is headquartered in Austin, Texas.

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

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