Westwood Holdings Group Inc. Has $31.98 Million Stock Holdings in Chuy’s Holdings, Inc. (NASDAQ:CHUY)

Westwood Holdings Group Inc. increased its position in Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 10.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 948,060 shares of the restaurant operator’s stock after purchasing an additional 91,612 shares during the quarter. Westwood Holdings Group Inc. owned approximately 5.50% of Chuy’s worth $31,978,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AJOVista LLC bought a new stake in Chuy’s in the fourth quarter valued at approximately $53,000. Lazard Asset Management LLC raised its stake in Chuy’s by 607.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,454 shares of the restaurant operator’s stock valued at $82,000 after acquiring an additional 2,107 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Chuy’s by 70.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,658 shares of the restaurant operator’s stock valued at $90,000 after purchasing an additional 1,096 shares during the last quarter. Quest Partners LLC bought a new position in Chuy’s during the fourth quarter worth $162,000. Finally, EntryPoint Capital LLC increased its holdings in shares of Chuy’s by 106.8% in the first quarter. EntryPoint Capital LLC now owns 5,193 shares of the restaurant operator’s stock valued at $175,000 after purchasing an additional 2,682 shares during the last quarter. Institutional investors own 99.92% of the company’s stock.

Chuy’s Stock Performance

Chuy’s stock remained flat at $37.09 during mid-day trading on Friday. The company’s stock had a trading volume of 289,077 shares, compared to its average volume of 540,256. The company has a market cap of $639.06 million, a price-to-earnings ratio of 21.95 and a beta of 1.76. The firm’s 50 day simple moving average is $28.31 and its two-hundred day simple moving average is $30.87. Chuy’s Holdings, Inc. has a 12-month low of $22.52 and a 12-month high of $42.89.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CHUY. Stifel Nicolaus reduced their target price on shares of Chuy’s from $36.00 to $32.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. Stephens restated an “equal weight” rating and set a $37.50 price objective (up previously from $36.00) on shares of Chuy’s in a report on Friday, July 19th. StockNews.com started coverage on Chuy’s in a research note on Tuesday. They set a “hold” rating on the stock. Benchmark restated a “buy” rating and issued a $41.00 price target on shares of Chuy’s in a research note on Thursday, July 18th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $37.50 price objective (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 and one has issued a buy rating to the company. According to MarketBeat, Chuy’s has an average rating of “Hold” and an average price target of $34.71.

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.