New York State Teachers Retirement System Sells 1,300 Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY)

New York State Teachers Retirement System lowered its holdings in Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 6.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,783 shares of the restaurant operator’s stock after selling 1,300 shares during the period. New York State Teachers Retirement System’s holdings in Chuy’s were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. AJOVista LLC bought a new position in Chuy’s in the fourth quarter valued at $53,000. Wakefield Asset Management LLLP bought a new position in Chuy’s in the fourth quarter valued at $872,000. Quest Partners LLC bought a new position in Chuy’s in the fourth quarter valued at $162,000. Dimensional Fund Advisors LP lifted its stake in Chuy’s by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 897,008 shares of the restaurant operator’s stock valued at $34,293,000 after acquiring an additional 13,295 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its stake in Chuy’s by 115.3% in the third quarter. WINTON GROUP Ltd now owns 12,071 shares of the restaurant operator’s stock valued at $429,000 after acquiring an additional 6,465 shares during the last quarter. Institutional investors own 99.92% of the company’s stock.

Wall Street Analysts Forecast Growth

CHUY has been the subject of a number of recent analyst reports. Stifel Nicolaus cut 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 note on Tuesday, May 14th. Stephens restated an “overweight” rating and set a $40.00 target price on shares of Chuy’s in a research note on Friday, May 10th. Wedbush restated an “outperform” rating and set a $38.00 target price on shares of Chuy’s in a research note on Friday, May 10th. Benchmark restated a “buy” rating and set a $41.00 target price on shares of Chuy’s in a research note on Friday, May 10th. Finally, Piper Sandler lowered their price target on shares of Chuy’s from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.14.

Chuy’s Stock Performance

Shares of Chuy’s stock traded up $0.24 during midday trading on Tuesday, hitting $26.46. 164,626 shares of the company traded hands, compared to its average volume of 140,564. The stock has a market cap of $455.91 million, a price-to-earnings ratio of 15.66 and a beta of 1.74. The firm’s fifty day moving average price is $28.84 and its 200-day moving average price is $32.76. Chuy’s Holdings, Inc. has a 12 month low of $25.43 and a 12 month high of $42.89.

Chuy’s (NASDAQ:CHUY) last posted its earnings results on Thursday, May 9th. The restaurant operator reported $0.42 EPS for the quarter, topping 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 the consensus estimate of $111.67 million. During the same period last year, the company earned $0.47 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. Equities research analysts forecast that Chuy’s Holdings, Inc. will post 1.84 earnings per share for the current 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.