Chuy’s resumed with an Overweight at Stephens

Stephens resumed coverage of Chuy‘s with an Overweight rating and $40 price target. Chuy’s seeks to offer its customers authentic TexMex at affordable prices at a time when consumers are “feeling pressure from multiple directions,” the analyst tells investors. Chuy’s, which has been able to expand its margin profile while staying true to its value proposition can now turn its attention towards accelerating unit growth within its core markets with healthy unit-economics and a stable balance sheet, the analyst added.