Dimensional Fund Advisors LP Increases Position in Chuy’s Holdings, Inc. (CHUY)
Dimensional Fund Advisors LP increased its holdings in Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 18.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 808,766 shares of the restaurant operator’s stock after purchasing an additional 128,526 shares during the period. Dimensional Fund Advisors LP owned approximately 4.79% of Chuy’s Holdings worth $18,925,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its stake in Chuy’s Holdings by 58.0% during the second quarter. BNP Paribas Arbitrage SA now owns 4,941 shares of the restaurant operator’s stock worth $116,000 after buying an additional 1,813 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Chuy’s Holdings during the first quarter worth $200,000. Stevens Capital Management LP purchased a new position in Chuy’s Holdings during the second quarter worth $206,000. Aperio Group LLC purchased a new position in Chuy’s Holdings during the second quarter worth $206,000. Finally, OppenheimerFunds Inc. purchased a new position in Chuy’s Holdings during the first quarter worth $267,000. Institutional investors own 98.77% of the company’s stock.
Shares of Chuy’s Holdings, Inc. (CHUY) opened at $21.85 on Friday. The stock has a market cap of $372.95, a price-to-earnings ratio of 23.21, a PEG ratio of 1.40 and a beta of -0.01. Chuy’s Holdings, Inc. has a one year low of $18.00 and a one year high of $35.30.
Chuy’s Holdings (NASDAQ:CHUY) last issued its earnings results on Thursday, November 2nd. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.03). The company had revenue of $92.19 million for the quarter, compared to analysts’ expectations of $92.90 million. Chuy’s Holdings had a net margin of 4.37% and a return on equity of 9.98%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 earnings per share. analysts anticipate that Chuy’s Holdings, Inc. will post 0.97 EPS for the current fiscal year.
Chuy’s Holdings announced that its board has authorized a stock repurchase plan on Thursday, November 2nd that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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Several research firms have commented on CHUY. Zacks Investment Research raised shares of Chuy’s Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Raymond James Financial, Inc. raised shares of Chuy’s Holdings from a “market perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research note on Monday, July 17th. BMO Capital Markets reaffirmed a “hold” rating on shares of Chuy’s Holdings in a research note on Monday. Robert W. Baird dropped their price objective on shares of Chuy’s Holdings from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Finally, Stifel Nicolaus began coverage on shares of Chuy’s Holdings in a research note on Monday, October 2nd. They set a “hold” rating and a $23.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Chuy’s Holdings has an average rating of “Hold” and a consensus price target of $26.00.
About Chuy’s Holdings
Chuy’s Holdings, Inc operates Chuy’s, a restaurant concept offering a distinct menu of authentic, freshly prepared Mexican and Tex-Mex inspired food. As of December 25, 2016, the Company operated 80 Chuy’s restaurants across 16 states. The Company offers the same menu during lunch and dinner, which includes enchiladas, fajitas, tacos, burritos, combination platters and daily specials, complemented by a range of appetizers, soups and salads.
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