Wedbush analyst Nick Setyan lowered the firm’s price target on Chuy‘s to $41 from $42 and keeps an Outperform rating on the shares. Chuy’s reported Q3 EPS above expectations and its raised EPS guidance is “customarily conservative,” the analyst tells investors in a research note. The pipeline for 2024 is strong even as elongated construction timelines weigh on 2023 openings, the firm says.
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Read More on CHUY:
- Chuy’s price target lowered to $40 from $45 at Stephens
- Chuy’s sees FY23 adjusted EPS $1.85-$1.90, consensus $1.84
- Chuy’s reports Q3 adjusted EPS 44c, consensus 36c
- Chuy’s Holdings, Inc. Announces Third Quarter 2023 Financial Results
- Chuy’s Holdings, Inc. to Announce Third Quarter 2023 Results on November 2, 2023
