Emerald Advisers Inc. PA lifted its position in shares of Chuy's Holdings Inc (NASDAQ:CHUY) by 6.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 473,227 shares of the restaurant operator’s stock after buying an additional 27,906 shares during the quarter. Emerald Advisers Inc. PA owned about 2.80% of Chuy's worth $13,274,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wasatch Advisors Inc. lifted its holdings in shares of Chuy's by 7.8% during the third quarter. Wasatch Advisors Inc. now owns 1,502,174 shares of the restaurant operator’s stock worth $31,621,000 after buying an additional 109,064 shares in the last quarter. Stephens Investment Management Group LLC increased its position in shares of Chuy's by 5.7% in the third quarter. Stephens Investment Management Group LLC now owns 1,339,658 shares of the restaurant operator’s stock worth $28,200,000 after purchasing an additional 72,456 shares during the period. Vanguard Group Inc. increased its position in shares of Chuy's by 5.3% in the second quarter. Vanguard Group Inc. now owns 941,354 shares of the restaurant operator’s stock worth $22,027,000 after purchasing an additional 47,580 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Chuy's by 7.6% in the third quarter. Dimensional Fund Advisors LP now owns 870,210 shares of the restaurant operator’s stock worth $18,318,000 after purchasing an additional 61,444 shares during the period. Finally, Macquarie Group Ltd. increased its position in shares of Chuy's by 25.0% in the third quarter. Macquarie Group Ltd. now owns 695,372 shares of the restaurant operator’s stock worth $14,638,000 after purchasing an additional 139,006 shares during the period. 95.60% of the stock is owned by institutional investors.
Chuy's Holdings Inc (NASDAQ CHUY) traded down $0.10 during trading on Wednesday, reaching $25.10. The company’s stock had a trading volume of 80,500 shares, compared to its average volume of 144,819. Chuy's Holdings Inc has a 1 year low of $18.00 and a 1 year high of $32.10. The company has a market capitalization of $424.53, a PE ratio of 27.58, a PEG ratio of 1.40 and a beta of -0.28.
Chuy's declared that its board has initiated a share buyback plan on Thursday, November 2nd that allows the company to repurchase $30.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of brokerages recently commented on CHUY. Zacks Investment Research upgraded Chuy's from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Wednesday, January 31st. BidaskClub cut Chuy's from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. BMO Capital Markets raised their price target on Chuy's to $30.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 10th. TheStreet upgraded Chuy's from a “c+” rating to a “b-” rating in a research report on Friday, December 15th. Finally, Robert W. Baird decreased their price target on Chuy's from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $27.11.
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Chuy's 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.
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