Chuy’s price target lowered to $31 from $35 at Piper Sandler

Piper Sandler lowered the firm’s price target on Chuy‘s to $31 from $35 and keeps a Neutral rating on the shares following quarterly results. Top line revenue missed in the quarter, and the Q2-to-date same-store sales are off to a tough start in negative territory. With that said, Chuy’s was able to maintain its FY2024 adjusted EPS range of $1.82 to $1.87, as margins are holding in well, Piper adds.