Chuy’s price target lowered to $45 from $47 at Jefferies

Jefferies analyst Andy Barish lowered the firm’s price target on Chuy‘s to $45 from $47 and keeps a Buy rating on the shares as the firm offered a preview and update estimates for select casual diners ahead of Q3 earnings reporting from the group. Black Box CD data shows year-over-year same-store sales trends slowed sequentially through the quarter on tougher comparisons, but traffic “appears to have held up somewhat better,” the analyst tells investors in the preview note.