Chuy’s price target raised to $40 from $37 at Baird

Baird raised the firm’s price target on Chuy‘s to $40 from $37 and keeps a Neutral rating on the shares. The firm said Q2 EPS exceeded estimates on better-than-expected margin performance, and management raised 2023 EPS guidance. Baird is encouraged that improved margin performance is supporting near-term earnings estimates, and they continue to have a positive view of the company’s internal fundamentals.