Chuy’s price target lowered to $36 from $40 at Stifel

Stifel analyst Chris O’Cull lowered the firm’s price target on Chuy‘s to $36 from $40 and keeps a Hold rating on the shares. The firm, which updated its model following a review of recent industry trends, remains “comfortable” with its Q3 same-restaurant sales growth estimate of 2.3% and notes that its Q3 and full-year EPS estimates remain unchanged.