It is trading at $22.50 which is marginally higher than the 50 day moving average which is $21.09 and marginally under the 200 day moving average of $23.71. The 50 day moving average was up $1.41 and the 200 day average moved down $-1.21. (NASDAQ:CHUY) shares saw heavy trading volume with 261K shares changing hands on Tuesday. Overall, volume was up 24.08% over the stocks normal daily volume.
Investors are a little more bullish on the company recently as evidenced by the change in short interest. The company had a fall in short interest from September 29, 2017 to October 13, 2017 of -3.45%. Short interest decreased 68,787 over that timeframe. Days to cover decreased from 9.0 to 8.0 and the percentage of shorted shares is 0.11% as of October 13.
These firms have modified their investment in CHUY. Summit Creek Advisors LLC downsized its holdings by selling 1,060 shares a decrease of 0.5%. Summit Creek Advisors LLC owns 221,187 shares worth $4,656,000. The value of the position overall is down by 10.5%. As of quarter end Ls Investment Advisors, LLC had acquired a total of 420 shares growing its position 28.0%. The value of the investment in Chuy’s Holdings, Inc. increased from $35,000 to $40,000 a change of $5,000 since the last quarter.
Strs Ohio augmented its investment by buying 10,000 shares an increase of 6.7% from 06/30/2017 to 09/30/2017. Strs Ohio now controls 160,000 shares with a value of $3,368,000. The total value of its holdings decreased 4.0%. Nationwide Fund Advisors added to its ownership by buying 10,106 shares an increase of 4.5% in the quarter. Nationwide Fund Advisors currently owns 232,355 shares valued at $4,891,000. The value of the position overall is down by 6.0%.
On July 17 the company was upgraded to “Outperform” from “Market Perform” in an announcement from Raymond James. On October 3 analysts at Stifel Nicolaus began coverage with a rating of “Hold”.
The company currently has a P/E ratio of 22.70 and the market value is 380.36M. In the last earnings report the EPS was $0.99 and is projected to be $1.02 for the current year with 16,905,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.22 and the next full year EPS is projected to be $1.11.
Chuy’s Holdings, Inc., launched on October 16, 2006, 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..