Amalgamated Bank Sells 389 Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY)

Amalgamated Bank lessened its stake in Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,091 shares of the restaurant operator’s stock after selling 389 shares during the period. Amalgamated Bank’s holdings in Chuy’s were worth $132,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of Chuy’s by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 907,918 shares of the restaurant operator’s stock valued at $23,533,000 after purchasing an additional 32,142 shares during the last quarter. WINTON GROUP Ltd increased its holdings in Chuy’s by 39.7% during the second quarter. WINTON GROUP Ltd now owns 34,940 shares of the restaurant operator’s stock valued at $906,000 after buying an additional 9,931 shares during the last quarter. American Century Companies Inc. raised its position in Chuy’s by 117.3% in the second quarter. American Century Companies Inc. now owns 150,317 shares of the restaurant operator’s stock worth $3,896,000 after acquiring an additional 81,144 shares during the period. AdvisorShares Investments LLC grew its position in shares of Chuy’s by 25.9% during the 2nd quarter. AdvisorShares Investments LLC now owns 13,543 shares of the restaurant operator’s stock valued at $338,000 after acquiring an additional 2,790 shares during the period. Finally, Quest Partners LLC increased its stake in shares of Chuy’s by 21.4% in the 2nd quarter. Quest Partners LLC now owns 18,577 shares of the restaurant operator’s stock worth $482,000 after purchasing an additional 3,280 shares in the last quarter. 99.92% of the stock is currently owned by hedge funds and other institutional investors.

Chuy’s Stock Performance

CHUY stock opened at $37.40 on Wednesday. The company’s fifty day moving average price is $37.19 and its 200-day moving average price is $31.74. Chuy’s Holdings, Inc. has a one year low of $22.52 and a one year high of $39.40. The company has a market capitalization of $644.40 million, a PE ratio of 22.13 and a beta of 1.77.

Chuy’s (NASDAQ:CHUY) last announced its quarterly earnings results on Friday, August 9th. The restaurant operator reported $0.59 EPS for the quarter, topping the consensus estimate 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%. On average, research analysts predict that Chuy’s Holdings, Inc. will post 1.83 EPS for the current fiscal year.

Analysts Set New Price Targets

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