Creative Planning Grows Stock Holdings in Chuy’s Holdings, Inc. (NASDAQ:CHUY)

Creative Planning raised its position in shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 51.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,602 shares of the restaurant operator’s stock after buying an additional 4,979 shares during the quarter. Creative Planning owned about 0.08% of Chuy’s worth $546,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CHUY. Allspring Global Investments Holdings LLC lifted its position in shares of Chuy’s by 70.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock valued at $90,000 after buying an additional 1,096 shares during the last quarter. Norden Group LLC acquired a new position in shares of Chuy’s during the first quarter valued at about $239,000. BNP Paribas Financial Markets increased its holdings in shares of Chuy’s by 4.7% during the first quarter. BNP Paribas Financial Markets now owns 13,693 shares of the restaurant operator’s stock valued at $462,000 after acquiring an additional 614 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Chuy’s by 27.7% during the first quarter. Janney Montgomery Scott LLC now owns 15,873 shares of the restaurant operator’s stock valued at $535,000 after acquiring an additional 3,446 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Chuy’s during the first quarter valued at about $858,000. 99.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CHUY shares. Benchmark downgraded shares of Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price objective on the stock. in a report on Monday, August 19th. StockNews.com started coverage on shares of Chuy’s in a report on Sunday. They set a “hold” rating on the stock. Stephens restated an “equal weight” rating and set a $37.50 price objective on shares of Chuy’s in a report on Monday, August 12th. Wedbush restated a “neutral” rating and set a $37.50 price objective (down previously from $38.00) on shares of Chuy’s in a report on Monday, July 22nd. Finally, Jefferies Financial Group downgraded shares of Chuy’s from a “buy” rating to a “hold” rating and cut their price target for the stock from $38.00 to $24.00 in a report on Thursday, July 11th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Chuy’s currently has a consensus rating of “Hold” and an average target price of $33.25.

Chuy’s Price Performance

Shares of NASDAQ CHUY opened at $37.48 on Wednesday. The stock has a market capitalization of $645.78 million, a price-to-earnings ratio of 22.18 and a beta of 1.77. Chuy’s Holdings, Inc. has a 12 month low of $22.52 and a 12 month high of $39.40. The firm’s 50 day simple moving average is $37.39 and its 200-day simple moving average is $32.62.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings data on Friday, August 9th. The restaurant operator reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $119.80 million for the quarter, compared to analysts’ expectations of $120.46 million. Chuy’s had a net margin of 5.84% and a return on equity of 13.23%. Analysts anticipate that Chuy’s Holdings, Inc. will post 1.83 earnings per share for the current fiscal year.

About Chuy’s

Chuy’s Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy’s name in the United States. The company was founded in 1982 and is headquartered in Austin, Texas.