Emerald Advisers Inc. PA Sells 6,810 Shares of Chuy’s Holdings Inc (CHUY)

Emerald Advisers Inc. PA reduced its position in Chuy’s Holdings Inc (NASDAQ:CHUY) by 1.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 442,467 shares of the restaurant operator’s stock after selling 6,810 shares during the period. Emerald Advisers Inc. PA owned about 2.61% of Chuy’s worth $11,615,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan grew its stake in Chuy’s by 23.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,810 shares of the restaurant operator’s stock worth $239,000 after acquiring an additional 1,470 shares during the period. Northern Trust Corp grew its stake in Chuy’s by 1.1% in the 2nd quarter. Northern Trust Corp now owns 234,891 shares of the restaurant operator’s stock worth $7,212,000 after acquiring an additional 2,505 shares during the period. Principal Financial Group Inc. grew its stake in Chuy’s by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 129,644 shares of the restaurant operator’s stock worth $3,397,000 after acquiring an additional 3,076 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in Chuy’s in the 2nd quarter worth approximately $121,000. Finally, Public Employees Retirement System of Ohio grew its stake in Chuy’s by 5.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 84,505 shares of the restaurant operator’s stock worth $2,594,000 after acquiring an additional 4,081 shares during the period.

Several research firms have commented on CHUY. Stifel Nicolaus lifted their target price on shares of Chuy’s from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, July 12th. BMO Capital Markets cut shares of Chuy’s from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $28.00 to $23.00 in a research note on Monday, September 24th. BidaskClub cut shares of Chuy’s from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 11th. Zacks Investment Research cut shares of Chuy’s from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Finally, Raymond James cut shares of Chuy’s from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 17th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. Chuy’s has a consensus rating of “Hold” and a consensus target price of $28.50.

In other Chuy’s news, Director Ira L. Zecher sold 1,500 shares of Chuy’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $27.53, for a total value of $41,295.00. Following the transaction, the director now owns 3,774 shares in the company, valued at approximately $103,898.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Shares of CHUY opened at $24.51 on Friday. The firm has a market capitalization of $418.58 million, a price-to-earnings ratio of 25.53, a P/E/G ratio of 1.30 and a beta of -0.25. Chuy’s Holdings Inc has a fifty-two week low of $20.85 and a fifty-two week high of $34.10.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings results on Thursday, August 9th. The restaurant operator reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The company had revenue of $106.30 million for the quarter, compared to analyst estimates of $106.05 million. Chuy’s had a net margin of 7.39% and a return on equity of 8.32%. Chuy’s’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the business earned $0.31 EPS. Equities research analysts expect that Chuy’s Holdings Inc will post 1.09 earnings per share for the current year.

Chuy’s Company 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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