Chuy’s price target lowered to $35 from $38 at Baird

Baird lowered the firm’s price target on Chuy‘s to $35 from $38 and keeps a Neutral rating on the shares. The firm said Q4 profitability topped estimates led by margin upside, consistent with theme in recent quarters, but the company indicated a very soft start to Q1 and provided initial 2024 guidance below prior assumptions.