First Eagle Investment Management LLC Has $9.91 Million Stock Position in Chuy’s Holdings, Inc. (NASDAQ:CHUY)

First Eagle Investment Management LLC lifted its holdings in shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 20.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 382,479 shares of the restaurant operator’s stock after purchasing an additional 65,300 shares during the period. First Eagle Investment Management LLC’s holdings in Chuy’s were worth $9,914,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its holdings in Chuy’s by 85.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,014 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 466 shares in the last quarter. Lazard Asset Management LLC boosted its position 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 holdings in 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 purchased a new stake in Chuy’s in the 2nd quarter valued at $133,000. Finally, Quest Partners LLC bought a new position in Chuy’s during the 4th quarter valued at $162,000. Institutional investors and hedge funds own 99.92% of the company’s stock.

Chuy’s Stock Performance

NASDAQ CHUY opened at $37.38 on Friday. The company has a market capitalization of $644.06 million, a PE ratio of 22.12 and a beta of 1.77. Chuy’s Holdings, Inc. has a 52-week low of $22.52 and a 52-week high of $39.40. The company has a 50-day simple moving average of $36.17 and a 200 day simple moving average of $31.60.

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

Analyst Upgrades and Downgrades

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

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.