Chuy’s price target lowered to $36 from $40 at Stephens

Stephens lowered the firm’s price target on Chuy‘s to $36 from $40 and keeps an Overweight rating on the shares. Chuy’s “seems relatively de-risked” and could modestly top consensus sales estimates for the quarter while possessing levers for traffic improvement in the second half and 2025, the analyst tells investors in a full-service restaurants preview.