Chuy’s Holdings, Inc. (NASDAQ:CHUY) Shares Bought by Millennium Management LLC

Millennium Management LLC raised its holdings in shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 52.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 256,375 shares of the restaurant operator’s stock after buying an additional 88,406 shares during the quarter. Millennium Management LLC owned about 1.49% of Chuy’s worth $6,645,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. Westwood Holdings Group Inc. increased its stake in Chuy’s by 27.2% during the second quarter. Westwood Holdings Group Inc. now owns 1,206,181 shares of the restaurant operator’s stock worth $31,264,000 after purchasing an additional 258,121 shares during the period. Congress Asset Management Co. MA lifted its position in Chuy’s by 29.9% during the 1st quarter. Congress Asset Management Co. MA now owns 946,167 shares of the restaurant operator’s stock worth $31,914,000 after acquiring an additional 217,838 shares during the period. Dimensional Fund Advisors LP increased its stake in Chuy’s by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 907,918 shares of the restaurant operator’s stock valued at $23,533,000 after buying an additional 32,142 shares during the period. First Eagle Investment Management LLC boosted its holdings in Chuy’s by 20.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 382,479 shares of the restaurant operator’s stock valued at $9,914,000 after purchasing an additional 65,300 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Chuy’s by 19.4% in the second quarter. Bank of New York Mellon Corp now owns 341,602 shares of the restaurant operator’s stock valued at $8,854,000 after acquiring an additional 55,465 shares during the period. Hedge funds and other institutional investors own 99.92% of the company’s stock.

Analyst Upgrades and Downgrades

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

Chuy’s Stock Up 0.0 %

CHUY stock opened at $37.48 on Friday. The company has a market capitalization of $645.78 million, a PE ratio of 22.18 and a beta of 1.77. The stock’s 50 day moving average is $37.25 and its two-hundred day moving average is $31.95. 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 issued its 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. Chuy’s had a return on equity of 13.23% and a net margin of 5.84%. The company had revenue of $119.80 million during the quarter, compared to analyst estimates of $120.46 million. As a group, sell-side analysts anticipate that Chuy’s Holdings, Inc. will post 1.83 EPS for the current year.

Chuy’s 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.