Shares last traded at $23.75 which is just under $26.34, the stock’s 50 day moving average and which is marginally under the 200 day moving average of $28.97. The 50 day moving average was down $-2.74 and the 200 day average was down $-5.37. Chuy’s Holdings, Inc. shares had a trading volume of 107K on Wednesday. Shares saw a steep decrease in trading volume of 27.75% under the normal average daily volume.
Investors are a little more bearish on shares of the company of late as inferred by the motion in short interest. The company recorded a rise in short interest of 2.04% as of the latest report on May 31, 2017. Short shares increased from 2,363,425 to 2,411,656 over that timeframe. The short-interest ratio decreased to 15.9 and the percentage of shorted shares was 0.14% on May 31.
There has been some selling insider activity on Chuy’s Holdings, Inc. (NASDAQ:CHUY) recently. Secretary and CAO Sharon A. Russell disclosed the sale of 862 shares. The shares were sold on May 10th for an average price of $31.00. Russell now owns $105,865 of the stock according to the SEC filing. Ira L. Zecher, Director reported the sale of 600 shares of CHUY stock. The shares were purchased at an average price of $28.75. The Director now owns $28,290 of the stock per the Form 4 SEC filing.
Michael Roger Young, Director disclosed the sale of 3,000 shares of (CHUY). The shares were purchased at an average price of $35.00. The Director now owns $5,143,250 of the stock according to the SEC filing.
Here are a few other firms who have also updated their positions. Gw&k Investment Management, LLC trimmed its ownership by shedding 3,383 shares a decrease of 2.5% in the quarter. Gw&k Investment Management, LLC owns 133,896 shares with a value of $3,133,000. The value of the position overall is down by 23.4%. As of the end of the quarter Clearbridge Investments, LLC had bought 599 shares growing its holdings by 143.6%. The value of the investment in (CHUY) went from $14,000 to $30,000 a change of $16,000 quarter over quarter.
Morgan Stanley bolstered its holdings by buying 200 shares an increase of 6.5% from 12/31/2016 to 03/31/2017. Morgan Stanley now controls 3,300 shares valued at $98,000. The total value of its holdings decreased 3.0%. Tower Research Capital LLC (trc) expanded its stake by buying 353 shares an increase of 666.0% as of 03/31/2017. Tower Research Capital LLC (trc) claims 406 shares worth $12,000. The total value of its holdings increased 500.0%.
On May 19 the company was downgraded from “Outperform” to “Perform” by Wells Fargo. On July 26 the stock rating was downgraded to “Hold” from “Buy” in a statement from Stifel Nicolaus.
On January 29, 2016 the stock rating was set at “Market Perform” by Raymond James which is down from the previous “Outperform” rating. On October 9 the stock rating was upgraded to “Outperform” from “Neutral” and a price target of $38.00 was set in a report from Wedbush.
Wedbush both upgraded the stock and raised the price target on October 9 changing the price target from $31.00 to $38.00 and moving the rating from “Neutral” to “Outperform”. On August 5 Wedbush made no change to the stock rating of “Neutral” but raised the price expectation to $31.00 from $27.00.
The company is up by 1.50% since yesterday’s close of $23.4. Chuy’s Holdings, Inc. currently has a P/E ratio of 23.14 and the market cap is 398.72M. In the last earnings report the EPS was $1.02 and is estimated to be $1.09 for the current year with 16,895,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.29 and the next full year EPS is anticipated to be $1.19.
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..