Goldman Sachs Group Inc. lowered its position in Chuy’s Holdings (NASDAQ:CHUY) by 34.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,426 shares of the restaurant operator’s stock after selling 20,987 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.24% of Chuy’s worth $1,134,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in CHUY. Louisiana State Employees Retirement System bought a new position in Chuy’s in the fourth quarter worth approximately $205,000. Aperio Group LLC bought a new position in Chuy’s in the fourth quarter worth approximately $224,000. Oppenheimer & Co. Inc. bought a new position in Chuy’s in the fourth quarter worth approximately $281,000. Stone Ridge Asset Management LLC bought a new position in Chuy’s in the fourth quarter worth approximately $474,000. Finally, Falcon Point Capital LLC bought a new stake in Chuy’s during the 4th quarter valued at $588,000. 95.55% of the stock is currently owned by institutional investors.
Shares of NASDAQ CHUY opened at $27.70 on Friday. The firm has a market cap of $462.05, a price-to-earnings ratio of 28.85, a P/E/G ratio of 1.50 and a beta of -0.33. Chuy’s Holdings has a 12-month low of $18.00 and a 12-month high of $32.10.
Chuy’s (NASDAQ:CHUY) last posted its quarterly earnings data on Thursday, March 8th. The restaurant operator reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). The business had revenue of $96.02 million during the quarter, compared to analyst estimates of $95.80 million. Chuy’s had a return on equity of 9.40% and a net margin of 7.83%. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 EPS. equities research analysts forecast that Chuy’s Holdings will post 1.12 earnings per share for the current fiscal year.
Several analysts have issued reports on CHUY shares. BidaskClub cut Chuy’s from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Zacks Investment Research raised Chuy’s from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, January 31st. ValuEngine cut Chuy’s from a “hold” rating to a “sell” rating in a research report on Saturday, March 10th. BMO Capital Markets reaffirmed a “hold” rating and set a $27.00 target price (down previously from $30.00) on shares of Chuy’s in a research report on Friday, March 9th. Finally, Wedbush reaffirmed a “hold” rating and set a $25.00 target price on shares of Chuy’s in a research report on Friday, March 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Chuy’s currently has an average rating of “Hold” and an average price target of $27.50.
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Chuy’s Company Profile
Chuy's Holdings, Inc, through its subsidiaries, owns and operates restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 31, 2017, the company operated 91 Chuy's restaurants in 19 states. Chuy's Holdings, Inc was founded in 1982 and is headquartered in Austin, Texas.
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