Wedbush Upgrades Chuy's On Expectations Of 2020 Being A Breakout Year

Acceleration in off-premise growth could boost Chuy’s same-store sales growth in 2020, Setyan said in the upgrade note. While Chuy’s off-premise growth has lagged the category since 2017, a rollout of its partnership with 3PD towards the end of the fourth quarter or early in the first quarter could narrow the gap “relatively quickly,” the analyst mentioned.

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