Alliancebernstein L.P. continued to hold its position in Chuy’s Holdings, Inc. (NASDAQ:CHUY) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,600 shares of the restaurant operator’s stock at the end of the 2nd quarter. Alliancebernstein L.P. owned about 0.12% of Chuy’s Holdings worth $482,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Chuy’s Holdings by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 893,774 shares of the restaurant operator’s stock valued at $26,635,000 after buying an additional 70,645 shares during the period. Dimensional Fund Advisors LP increased its stake in Chuy’s Holdings by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 680,240 shares of the restaurant operator’s stock valued at $20,271,000 after buying an additional 22,869 shares during the period. Frontier Capital Management Co. LLC increased its stake in Chuy’s Holdings by 6.3% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 393,132 shares of the restaurant operator’s stock valued at $9,199,000 after buying an additional 23,356 shares during the period. Bank of New York Mellon Corp increased its stake in Chuy’s Holdings by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 238,559 shares of the restaurant operator’s stock valued at $5,582,000 after buying an additional 1,294 shares during the period. Finally, Geode Capital Management LLC increased its stake in Chuy’s Holdings by 10.5% in the 1st quarter. Geode Capital Management LLC now owns 146,655 shares of the restaurant operator’s stock valued at $4,370,000 after buying an additional 13,895 shares during the period. Institutional investors and hedge funds own 98.77% of the company’s stock.

Shares of Chuy’s Holdings, Inc. (CHUY) opened at $22.40 on Monday. The stock has a market capitalization of $378.87, a P/E ratio of 23.58, a P/E/G ratio of 1.32 and a beta of -0.01.

Chuy’s Holdings (NASDAQ:CHUY) last posted its earnings results on Thursday, November 2nd. The restaurant operator reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). The business had revenue of $92.19 million during the quarter, compared to the consensus estimate of $92.90 million. Chuy’s Holdings had a return on equity of 9.98% and a net margin of 4.37%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share. equities analysts predict that Chuy’s Holdings, Inc. will post 0.97 EPS for the current fiscal year.

Chuy’s Holdings announced that its board has initiated a stock buyback program on Thursday, November 2nd that permits the company to buyback $30.00 million in shares. This buyback authorization permits the restaurant operator to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: “Alliancebernstein L.P. Holds Stake in Chuy’s Holdings, Inc. (CHUY)” was first posted by Watch List News and is owned by of Watch List News. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.watchlistnews.com/alliancebernstein-l-p-holds-stake-in-chuys-holdings-inc-chuy/1682029.html.

Several research analysts have weighed in on CHUY shares. Raymond James Financial, Inc. upgraded shares of Chuy’s Holdings from a “market perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research note on Monday, July 17th. BidaskClub lowered shares of Chuy’s Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Wedbush reiterated a “hold” rating and issued a $23.00 price objective on shares of Chuy’s Holdings in a research note on Sunday, July 30th. BMO Capital Markets dropped their price objective on shares of Chuy’s Holdings from $31.00 to $24.00 and set a “market perform” rating on the stock in a research note on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $23.00 price objective (down previously from $28.00) on shares of Chuy’s Holdings in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price 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.

Want to see what other hedge funds are holding CHUY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chuy’s Holdings, Inc. (NASDAQ:CHUY).

Institutional Ownership by Quarter for Chuy`s Holdings (NASDAQ:CHUY)

Receive News & Ratings for Chuy's Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chuy's Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.