Chuy’s Holdings Inc (NASDAQ:CHUY) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 2,159,300 shares, a drop of 6.6% from the July 31st total of 2,313,100 shares. Based on an average trading volume of 151,300 shares, the short-interest ratio is presently 14.3 days. Approximately 13.1% of the shares of the company are sold short.

A number of institutional investors have recently added to or reduced their stakes in CHUY. Tower Research Capital LLC TRC acquired a new stake in Chuy’s in the second quarter valued at $42,000. BNP Paribas Arbitrage SA raised its stake in shares of Chuy’s by 1,962.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,486 shares of the restaurant operator’s stock worth $79,000 after buying an additional 3,317 shares during the last quarter. Aperio Group LLC acquired a new position in shares of Chuy’s during the 2nd quarter worth $108,000. SG Americas Securities LLC acquired a new position in shares of Chuy’s during the 1st quarter worth $118,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Chuy’s during the 2nd quarter worth $125,000.

NASDAQ:CHUY traded up $0.33 during midday trading on Friday, reaching $25.86. The stock had a trading volume of 8,592 shares, compared to its average volume of 116,259. The firm has a fifty day simple moving average of $24.62 and a two-hundred day simple moving average of $22.62. Chuy’s has a 12-month low of $17.03 and a 12-month high of $28.70. The company has a quick ratio of 0.52, a current ratio of 0.57 and a debt-to-equity ratio of 1.09. The stock has a market cap of $427.87 million, a P/E ratio of 29.40, a P/E/G ratio of 1.52 and a beta of 0.16.

Chuy’s (NASDAQ:CHUY) last released its earnings results on Thursday, August 8th. The restaurant operator reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. Chuy’s had a return on equity of 8.21% and a net margin of 1.30%. The company had revenue of $113.10 million during the quarter, compared to the consensus estimate of $111.77 million. During the same quarter last year, the company earned $0.38 earnings per share. Chuy’s’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Chuy’s will post 0.95 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on CHUY. ValuEngine upgraded shares of Chuy’s from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Zacks Investment Research upgraded shares of Chuy’s from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Monday, August 5th. BidaskClub upgraded shares of Chuy’s from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Telsey Advisory Group restated a “market perform” rating and set a $26.00 target price (up from $23.00) on shares of Chuy’s in a research report on Friday, August 9th. Finally, Wedbush restated a “hold” rating and set a $24.00 target price on shares of Chuy’s in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $24.80.

Chuy’s Company Profile

Chuy's Holdings, Inc, through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in Texas and 19 states in the Southeastern and Midwestern United States. As of December 30, 2018, it operated 100 restaurants. The company was founded in 1982 and is headquartered in Austin, Texas.

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