Westwood Holdings Group Inc. Buys 258,121 Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY)

Westwood Holdings Group Inc. boosted its stake in shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 27.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,206,181 shares of the restaurant operator’s stock after purchasing an additional 258,121 shares during the quarter. Westwood Holdings Group Inc. owned about 7.00% of Chuy’s worth $31,264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHUY. Nisa Investment Advisors LLC lifted its holdings in shares of Chuy’s by 85.0% during the second quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock worth $26,000 after buying an additional 466 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Chuy’s by 607.2% during the first quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock worth $82,000 after buying an additional 2,107 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings 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 worth $90,000 after buying an additional 1,096 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Chuy’s during the second quarter worth $133,000. Finally, Quest Partners LLC acquired a new stake in shares of Chuy’s during the fourth quarter worth $162,000. 99.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CHUY. StockNews.com began coverage on Chuy’s in a research note on Monday, September 16th. They issued a “hold” rating for the company. Wedbush reaffirmed a “neutral” rating and issued a $37.50 price target (down previously from $38.00) on shares of Chuy’s in a research note on Monday, July 22nd. Benchmark downgraded Chuy’s from a “buy” rating to a “hold” rating and set a $37.50 price target for the company. in a research note on Monday, August 19th. Stephens reissued an “equal weight” rating and set a $37.50 target price on shares of Chuy’s in a research note on Monday, August 12th. Finally, Jefferies Financial Group downgraded Chuy’s from a “buy” rating to a “hold” rating and lowered their target price for the stock from $38.00 to $24.00 in a research note on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Chuy’s has an average rating of “Hold” and an average target price of $33.25.

Chuy’s Trading Down 0.0 %

Shares of NASDAQ CHUY opened at $37.37 on Friday. The company has a market cap of $643.89 million, a price-to-earnings ratio of 22.11 and a beta of 1.77. The stock has a 50-day moving average price of $36.43 and a two-hundred day moving average price of $31.61. Chuy’s Holdings, Inc. has a 12 month low of $22.52 and a 12 month high of $39.40.

Chuy’s (NASDAQ:CHUY) last released its quarterly earnings results on Friday, August 9th. The restaurant operator reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. The company had revenue of $119.80 million for the quarter, compared to analysts’ expectations of $120.46 million. Chuy’s had a return on equity of 13.23% and a net margin of 5.84%. On average, sell-side analysts predict that Chuy’s Holdings, Inc. will post 1.83 earnings per share for the current 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.