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

Congress Wealth Management LLC DE lifted its holdings in shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 25.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 134,078 shares of the restaurant operator’s stock after buying an additional 27,182 shares during the period. Congress Wealth Management LLC DE owned about 0.77% of Chuy’s worth $4,522,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CHUY. Wasatch Advisors LP raised its stake in Chuy’s by 16.9% during the fourth quarter. Wasatch Advisors LP now owns 262,297 shares of the restaurant operator’s stock worth $10,028,000 after acquiring an additional 37,920 shares in the last quarter. Congress Asset Management Co. MA boosted its position in Chuy’s by 29.9% in the first quarter. Congress Asset Management Co. MA now owns 946,167 shares of the restaurant operator’s stock valued at $31,914,000 after buying an additional 217,838 shares in the last quarter. AJOVista LLC bought a new stake in shares of Chuy’s during the fourth quarter worth $53,000. Wakefield Asset Management LLLP bought a new stake in shares of Chuy’s during the fourth quarter worth $872,000. Finally, Quest Partners LLC acquired a new position in shares of Chuy’s during the fourth quarter worth $162,000. 99.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. StockNews.com lowered Chuy’s from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Benchmark restated a “buy” rating and set a $41.00 price target on shares of Chuy’s in a report on Friday, May 10th. Stephens reiterated an “overweight” rating and issued a $40.00 price objective on shares of Chuy’s in a report on Friday, May 10th. Piper Sandler reduced their target price on shares of Chuy’s from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Finally, Stifel Nicolaus decreased their price target on shares of Chuy’s from $36.00 to $32.00 and set a “hold” rating for the company in a research report on Tuesday, May 14th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.14.

Chuy’s Stock Down 3.6 %

Chuy’s stock traded down $0.93 during mid-day trading on Monday, hitting $24.99. 158,784 shares of the stock were exchanged, compared to its average volume of 145,797. The firm’s fifty day simple moving average is $27.28 and its two-hundred day simple moving average is $31.76. Chuy’s Holdings, Inc. has a 12 month low of $24.89 and a 12 month high of $42.89. The stock has a market capitalization of $430.58 million, a price-to-earnings ratio of 14.79 and a beta of 1.76.

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