Bessemer Group Inc. Has $379,000 Stake in Chuy's Holdings Inc (NASDAQ:CHUY)

Bessemer Group Inc. lessened its stake in Chuy's Holdings Inc (NASDAQ:CHUY) by 44.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,000 shares of the restaurant operator’s stock after selling 14,600 shares during the quarter. Bessemer Group Inc. owned 0.11% of Chuy's worth $379,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its holdings in shares of Chuy's by 58.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,941 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 1,813 shares in the last quarter. Stevens Capital Management LP purchased a new position in Chuy's during the 2nd quarter valued at about $206,000. Aperio Group LLC purchased a new position in Chuy's during the 2nd quarter valued at about $206,000. Connors Investor Services Inc. increased its holdings in Chuy's by 12.5% during the 2nd quarter. Connors Investor Services Inc. now owns 9,000 shares of the restaurant operator’s stock valued at $211,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in Chuy's by 15.1% during the 2nd quarter. Voya Investment Management LLC now owns 9,004 shares of the restaurant operator’s stock valued at $211,000 after acquiring an additional 1,178 shares in the last quarter. Institutional investors and hedge funds own 95.84% of the company’s stock.

Several research firms have weighed in on CHUY. Zacks Investment Research upgraded shares of Chuy's from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. BMO Capital Markets restated a “hold” rating on shares of Chuy's in a report on Monday, November 6th. Robert W. Baird dropped their target price on shares of Chuy's from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Stifel Nicolaus began coverage on shares of Chuy's in a report on Monday, October 2nd. They set a “hold” rating and a $23.00 target price for the company. Finally, Jefferies Group restated a “hold” rating and set a $23.00 target price (down from $28.00) on shares of Chuy's in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $26.00.

Chuy's Holdings Inc (CHUY) traded up $1.52 on Monday, hitting $26.00. 279,312 shares of the stock were exchanged, compared to its average volume of 188,557. The stock has a market capitalization of $413.96, a price-to-earnings ratio of 25.76, a P/E/G ratio of 1.55 and a beta of 0.02. Chuy's Holdings Inc has a 12 month low of $18.00 and a 12 month high of $35.30.

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

Chuy's declared that its board has approved a share repurchase program on Thursday, November 2nd that allows the company to repurchase $30.00 million in shares. This repurchase authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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About Chuy's

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 (NASDAQ:CHUY)

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