Coatue Management LLC purchased a new position in Chuy’s Holdings Inc (NASDAQ:CHUY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,699 shares of the restaurant operator’s stock, valued at approximately $159,000. Coatue Management LLC owned about 0.05% of Chuy’s as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new stake in shares of Chuy’s during the first quarter valued at approximately $33,000. First Mercantile Trust Co. boosted its holdings in Chuy’s by 19.6% during the 1st quarter. First Mercantile Trust Co. now owns 4,976 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 815 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Chuy’s by 21.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,653 shares of the restaurant operator’s stock worth $67,000 after buying an additional 1,157 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Chuy’s by 17.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,004 shares of the restaurant operator’s stock worth $73,000 after buying an additional 734 shares during the period. Finally, Alberta Investment Management Corp purchased a new stake in Chuy’s in the 1st quarter worth approximately $112,000.
Several equities research analysts have weighed in on CHUY shares. Telsey Advisory Group increased their price objective on Chuy’s from $17.00 to $20.00 and gave the stock a “market perform” rating in a report on Friday, August 7th. Zacks Investment Research cut Chuy’s from a “buy” rating to a “hold” rating in a report on Friday, August 21st. Wedbush reiterated a “buy” rating on shares of Chuy’s in a report on Friday, August 7th. Stephens increased their price objective on Chuy’s from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, BidaskClub upgraded Chuy’s from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $19.83.
NASDAQ CHUY traded down $0.01 during trading on Friday, reaching $22.47. The company’s stock had a trading volume of 113,702 shares, compared to its average volume of 182,825. Chuy’s Holdings Inc has a twelve month low of $7.28 and a twelve month high of $29.45. The business’s fifty day moving average price is $17.59 and its 200-day moving average price is $16.26. The firm has a market cap of $442.43 million, a price-to-earnings ratio of -32.56 and a beta of 2.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.81 and a current ratio of 1.85.
Chuy’s (NASDAQ:CHUY) last announced its earnings results on Thursday, August 6th. The restaurant operator reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.32) by $0.55. Chuy’s had a negative net margin of 3.00% and a positive return on equity of 5.54%. The company had revenue of $65.71 million during the quarter, compared to analysts’ expectations of $62.93 million. During the same period last year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was down 41.9% on a year-over-year basis. As a group, sell-side analysts forecast that Chuy’s Holdings Inc will post 0.29 EPS for the current fiscal year.
In related news, CFO Jon W. Howie purchased 3,125 shares of Chuy’s stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average price of $16.06 per share, for a total transaction of $50,187.50. Following the transaction, the chief financial officer now directly owns 51,477 shares in the company, valued at $826,720.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ira L. Zecher sold 2,850 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $19.64, for a total transaction of $55,974.00. Following the transaction, the director now owns 6,565 shares in the company, valued at approximately $128,936.60. The disclosure for this sale can be found here. 2.05% of the stock is owned by corporate insiders.
Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 30, 2018, it operated 100 restaurants. The company was founded in 1982 and is headquartered in Austin, Texas.
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