Chuy’s Holdings, Inc. (NASDAQ:CHUY) Shares Acquired by Congress Asset Management Co. MA

Congress Asset Management Co. MA raised its holdings in shares of Chuy’s Holdings, Inc. (NASDAQ:CHUYFree Report) by 69.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 657,436 shares of the restaurant operator’s stock after acquiring an additional 269,979 shares during the quarter. Congress Asset Management Co. MA owned approximately 3.64% of Chuy’s worth $23,392,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Congress Wealth Management LLC DE lifted its holdings in shares of Chuy’s by 44.9% in the 3rd quarter. Congress Wealth Management LLC DE now owns 103,768 shares of the restaurant operator’s stock valued at $3,692,000 after purchasing an additional 32,137 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Chuy’s in the 2nd quarter valued at about $1,174,000. Arizona State Retirement System purchased a new stake in shares of Chuy’s in the 2nd quarter valued at about $206,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Chuy’s by 51.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,544 shares of the restaurant operator’s stock valued at $145,000 after purchasing an additional 1,204 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp purchased a new stake in shares of Chuy’s in the 2nd quarter valued at about $550,000. 99.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CHUY. Wedbush reduced their target price on Chuy’s from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. StockNews.com raised Chuy’s from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Piper Sandler reduced their price objective on Chuy’s from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, November 21st. Stifel Nicolaus lowered their target price on Chuy’s from $40.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, October 4th. Finally, Stephens cut their price target on Chuy’s from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.71.

Check Out Our Latest Research Report on Chuy’s

Chuy’s Price Performance

NASDAQ:CHUY opened at $33.04 on Thursday. The firm’s fifty day moving average price is $35.82 and its 200 day moving average price is $36.58. Chuy’s Holdings, Inc. has a 1-year low of $31.60 and a 1-year high of $43.17. The firm has a market cap of $573.34 million, a price-to-earnings ratio of 21.04 and a beta of 1.71.

Chuy’s (NASDAQ:CHUYGet Free Report) last posted its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. Chuy’s had a net margin of 6.35% and a return on equity of 12.88%. The firm had revenue of $113.46 million for the quarter, compared to analyst estimates of $111.61 million. As a group, analysts expect that Chuy’s Holdings, Inc. will post 1.9 earnings per share for the current fiscal year.

Chuy’s Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Chuy's (NASDAQ:CHUY)

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