Should You Buy Chuy’s Holdings Inc (CHUY)?

Now, specific money managers were breaking ground themselves. D E Shaw, managed by D. E. Shaw, created the most outsized position in Chuy’s Holdings Inc (NASDAQ:CHUY), worth an estimated $3.4 million at the end of the quarter. Chao Ku’s Nine Chapters Capital Management also initiated a $1.5 million position during the quarter. The other funds with brand new CHUY positions are John Overdeck and David Siegel’s Two Sigma Advisors, Jim Simons’s Renaissance Technologies, and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Let’s now take a look at hedge fund activity in other stocks similar to Chuy’s Holdings Inc (NASDAQ:CHUY). We will take a look at Westwood Holdings Group, Inc. (NYSE:WHG), Pengrowth Energy Corp (USA) (NYSE:PGH), Anika Therapeutics, Inc. (NASDAQ:ANIK), and Uniqure NV (NASDAQ:QURE). This group of stocks’ market values are closest to CHUY’s market value.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $52 million. That figure was $60 million in CHUY’s case, a positive sign. Uniqure NV (NASDAQ:QURE) is the most popular stock in this table. On the other hand Westwood Holdings Group, Inc. (NYSE:WHG) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Chuy’s Holdings Inc (NASDAQ:CHUY) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.