Chuy's Holdings Gets Caught In Stifel Analysts' Restaurant Ratings Rampage

Stifel lowered its EPS estimates for 2016 and 2017 to $1.05 (down from $1.10) and $1.18 (down from $1.25), respectively.

Related Link: Stifel Sees U.S. Recession; Downgrades Mexican Grill To Sell

The analysts adopted the view that the U.S. economy will likely fall into recession within the next three to nine months. "More specifically, we adopted a below-consensus two-year (2H16–1H18) industry-wide comp outlook of +0.5 percent E (vs. consensus' +1.75 percent E) with a resulting assumed increase in industry discounting (that has historically always accompanied recessionary slowdowns)," they added.