Wedbush Securities Reiterates Neutral, Raises Price Target On Chuy's Holdings On Current Valuation

In a report published Tuesday, Wedbush Securities analyst Nick Setyan reiterated a Neutral rating on Chuy's Holdings, Inc. CHUY, and raised the price target from $22.00 to $23.00. In the report, Wedbush Securities noted, "We believe CHUY's current valuation properly reflects SSS growth outperformance relative to the casual dining category and one of the highest unit growth profiles within the publicly traded restaurants universe, offset by recent new unit underperformance." Chuy's Holdings closed on Monday at $22.78.