Louisiana State Employees Retirement System Sells 400 Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY)

Louisiana State Employees Retirement System reduced its stake in shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 4.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,300 shares of the restaurant operator’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Chuy’s were worth $310,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in 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 acquiring an additional 466 shares during the last quarter. Quarry LP bought a new stake in Chuy’s during the second quarter worth approximately $36,000. Lazard Asset Management LLC grew its stake 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 valued at $82,000 after buying an additional 2,107 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake 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. Finally, Point72 DIFC Ltd grew its stake in shares of Chuy’s by 257.8% during the second quarter. Point72 DIFC Ltd now owns 4,129 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 2,975 shares during the last quarter. 99.92% of the stock is owned by institutional investors.

Chuy’s Stock Performance

Shares of NASDAQ CHUY opened at $37.48 on Thursday. The firm has a market capitalization of $645.78 million, a price-to-earnings ratio of 22.18 and a beta of 1.77. The stock has a 50 day moving average price of $37.39 and a 200 day moving average price of $32.66. Chuy’s Holdings, Inc. has a 52-week low of $22.52 and a 52-week high of $39.40.

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

Wall Street Analyst Weigh In

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

Chuy’s Company Profile

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.