New York State Common Retirement Fund trimmed its stake in Chuy’s Holdings, Inc. (NASDAQ:CHUY) by 0.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,600 shares of the restaurant operator’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned approximately 0.10% of Chuy’s Holdings worth $388,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stevens Capital Management LP acquired a new position in shares of Chuy’s Holdings in the second quarter worth $206,000. Nationwide Fund Advisors raised its holdings in shares of Chuy’s Holdings by 3.3% in the second quarter. Nationwide Fund Advisors now owns 222,249 shares of the restaurant operator’s stock worth $5,201,000 after acquiring an additional 7,171 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Chuy’s Holdings by 4.1% in the second quarter. TIAA CREF Investment Management LLC now owns 44,659 shares of the restaurant operator’s stock worth $1,045,000 after acquiring an additional 1,778 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Chuy’s Holdings by 2.0% in the second quarter. Teachers Advisors LLC now owns 30,025 shares of the restaurant operator’s stock worth $703,000 after acquiring an additional 586 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its holdings in shares of Chuy’s Holdings by 11.2% in the second quarter. Stephens Investment Management Group LLC now owns 1,267,202 shares of the restaurant operator’s stock worth $29,653,000 after acquiring an additional 127,669 shares during the last quarter. 98.11% of the stock is owned by institutional investors.

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Chuy’s Holdings, Inc. (CHUY) opened at $23.50 on Thursday. The company has a market capitalization of $400.86, a price-to-earnings ratio of 24.95, a P/E/G ratio of 1.50 and a beta of -0.01. Chuy’s Holdings, Inc. has a 12 month low of $18.00 and a 12 month high of $35.30.

Chuy’s Holdings (NASDAQ:CHUY) last released 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 analyst estimates of $92.90 million. Chuy’s Holdings had a net margin of 4.37% and a return on equity of 9.98%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. research analysts expect that Chuy’s Holdings, Inc. will post 0.97 EPS for the current fiscal year.

Chuy’s Holdings declared that its board has approved a stock buyback plan on Thursday, November 2nd that allows the company to repurchase $30.00 million in shares. This repurchase authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

CHUY has been the subject of a number of analyst reports. Robert W. Baird reissued a “hold” rating and issued a $24.00 price target on shares of Chuy’s Holdings in a report on Monday, October 9th. Jefferies Group LLC reissued a “hold” rating and issued a $23.00 price target (down from $28.00) on shares of Chuy’s Holdings in a report on Wednesday, August 9th. Wedbush reissued a “hold” rating and issued a $23.00 price target on shares of Chuy’s Holdings in a report on Sunday, July 30th. Raymond James Financial, Inc. raised Chuy’s Holdings to a “buy” rating in a report on Sunday, July 23rd. Finally, Zacks Investment Research cut Chuy’s Holdings from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus 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.

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

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