Is It time for Chuwie!
No not that Chewie...
Description
Chuy's Holdings, Inc., through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in 17 states, including the Southeastern and Midwestern United States. As of December 27, 2020, it operated 92 restaurants. The company was founded in 1982 and is headquartered in Austin, Texas.
No not that Chewie...
- And summarizing the estimates, the top revenue growth for 2023 is forecast for Shake Shack(NYSE:SHAK), with an expected rate of 20% (though just 2% in same-store sales growth).
- On revenue growth, the burger chain came in ahead of three other restaurants expected to grow revenues by double digits in 2023: WingStop(NASDAQ:WING), with a rate of 15%; Chipotle Mexican Grill(NYSE:CMG), at 12%; and Chuy's(NASDAQ:CHUY), at 12%. WingStop and Chipotle are both forecast for same-store sales of 5% for 2023, tops on that measure in Baird's coverage, while Shake Shack leads their overall revenue growth chart due to 18% expected unit growth.
- Those names are followed by Starbucks(NASDAQ:SBUX), at 9% revenue growth; Domino's Pizza(NYSE:DPZ), at 8%; Texas Roadhouse(NASDAQ:TXRH), at 8%; Yum Brands(NYSE:YUM), at 7%; and El Pollo Loco(NASDAQ:LOCO), at 6%.
- Turning to EBITDA growth expectations for that year, Shake Shack is again on top with 29% growth expected (though with a non-meaningful growth in EPS), followed by Chipotle at 20%, WingStop at 17%, and Chuy's at 13%.<---
Description
Chuy's Holdings, Inc., through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in 17 states, including the Southeastern and Midwestern United States. As of December 27, 2020, it operated 92 restaurants. The company was founded in 1982 and is headquartered in Austin, Texas.
