Russell Investments Group Ltd. Trims Holdings in Chuy’s Holdings, Inc. (NASDAQ:CHUY)

Russell Investments Group Ltd. trimmed its position in Chuy’s Holdings, Inc. (NASDAQ:CHUY – Get Rating) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,450 shares of the restaurant operator’s stock after selling 8,403 shares during the period. Russell Investments Group Ltd. owned about 0.42% of Chuy’s worth $2,164,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHUY. Raymond James Financial Services Advisors Inc. lifted its holdings in Chuy’s by 23.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,642 shares of the restaurant operator’s stock valued at $260,000 after purchasing an additional 1,824 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Chuy’s by 43.6% during the 1st quarter. American Century Companies Inc. now owns 67,624 shares of the restaurant operator’s stock valued at $1,826,000 after acquiring an additional 20,533 shares during the last quarter. Citigroup Inc. increased its stake in shares of Chuy’s by 17.9% during the 1st quarter. Citigroup Inc. now owns 18,020 shares of the restaurant operator’s stock valued at $487,000 after acquiring an additional 2,730 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Chuy’s by 35.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,953 shares of the restaurant operator’s stock valued at $188,000 after acquiring an additional 1,832 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Chuy’s by 58.1% during the 1st quarter. MetLife Investment Management LLC now owns 13,075 shares of the restaurant operator’s stock valued at $353,000 after acquiring an additional 4,803 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHUY has been the subject of a number of research analyst reports. Wedbush upped their price objective on shares of Chuy’s from $37.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, February 17th. TheStreet raised shares of Chuy’s from a “c+” rating to a “b” rating in a research note on Thursday. Stephens upped their price objective on shares of Chuy’s from $37.00 to $38.00 in a research note on Friday, May 5th. Robert W. Baird increased their target price on shares of Chuy’s from $33.00 to $37.00 in a research report on Friday, May 5th. Finally, StockNews.com assumed coverage on shares of Chuy’s in a report on Thursday. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Chuy’s presently has an average rating of “Moderate Buy” and an average price target of $36.50.

Chuy’s Stock Performance

NASDAQ CHUY opened at $38.14 on Monday. Chuy’s Holdings, Inc. has a one year low of $18.64 and a one year high of $39.96. The company’s 50 day moving average price is $35.35 and its 200 day moving average price is $33.42. The firm has a market capitalization of $691.10 million, a price-to-earnings ratio of 30.03 and a beta of 1.72.

Chuy’s (NASDAQ:CHUY – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.10. The company had revenue of $112.50 million for the quarter, compared to analyst estimates of $110.32 million. Chuy’s had a net margin of 5.43% and a return on equity of 11.11%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. Sell-side analysts forecast that Chuy’s Holdings, Inc. will post 1.75 EPS for the current fiscal year.

Chuy’s Company Profile

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Chuy’s Holdings, Inc engages in the ownership and operation of full-service restaurants serving a distinct menu of authentic Mexican and Tex-Mex inspired food. Its menu includes enchiladas, fajitas, rellenos, tacos, burritos, combination platters and daily specials, complemented by a variety of appetizers, soups, and salads.