Congress Wealth Management LLC DE Buys 27,182 Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY)

Congress Wealth Management LLC DE increased its stake in Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 25.4% in the first quarter, HoldingsChannel reports. The fund owned 134,078 shares of the restaurant operator’s stock after purchasing an additional 27,182 shares during the period. Congress Wealth Management LLC DE’s holdings in Chuy’s were worth $4,522,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. AJOVista LLC bought a new stake in Chuy’s in the fourth quarter valued at approximately $53,000. Russell Investments Group Ltd. increased its stake in shares of Chuy’s by 3.0% in the fourth quarter. Russell Investments Group Ltd. now owns 49,250 shares of the restaurant operator’s stock worth $1,883,000 after buying an additional 1,426 shares during the period. Versor Investments LP raised its holdings in Chuy’s by 24.1% during the 4th quarter. Versor Investments LP now owns 18,525 shares of the restaurant operator’s stock valued at $708,000 after buying an additional 3,600 shares during the last quarter. Quest Partners LLC purchased a new stake in Chuy’s during the 4th quarter valued at $162,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Chuy’s by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 145,798 shares of the restaurant operator’s stock worth $5,187,000 after acquiring an additional 4,756 shares during the last quarter. 99.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHUY has been the subject of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $38.00 price objective on shares of Chuy’s in a research note on Friday, May 10th. StockNews.com lowered Chuy’s from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Piper Sandler cut their price objective on Chuy’s from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Stephens restated an “overweight” rating and set a $40.00 target price on shares of Chuy’s in a report on Friday, May 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $41.00 price target on shares of Chuy’s in a research note on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Chuy’s has an average rating of “Moderate Buy” and a consensus price target of $38.14.

Chuy’s Trading Down 3.6 %

Shares of CHUY stock traded down $0.93 during midday trading on Monday, reaching $24.99. 158,784 shares of the stock were exchanged, compared to its average volume of 145,797. Chuy’s Holdings, Inc. has a 1 year low of $24.89 and a 1 year high of $42.89. The firm has a market cap of $430.58 million, a PE ratio of 14.79 and a beta of 1.76. The company’s 50 day moving average is $27.28 and its two-hundred day moving average is $31.76.

Chuy’s (NASDAQ:CHUY) last issued its quarterly earnings results on Thursday, May 9th. The restaurant operator reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $110.50 million for the quarter, compared to analysts’ expectations of $111.67 million. Chuy’s had a return on equity of 13.51% and a net margin of 6.58%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share. As a group, equities analysts expect that Chuy’s Holdings, Inc. will post 1.84 EPS for the current fiscal year.

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.