CHUY - Dine-in restaurant stocks look appetizing to Jefferies with trends strong

Jefferies is positive on the restaurant sector with a big round of upgrades on dine-in names. The firm moves to a Buy rating on BJ's Restaurants (NASDAQ:BJRI), Chuy's Holdings (NASDAQ:CHUY), Cheesecake Factory (NASDAQ:CAKE), Dave & Buster's Entertainment (NASDAQ:PLAY) and Red Robin Gourmet Burgers (NASDAQ:RRGB) after having them all slotted at Hold. There was also a doubling down on the prior Buy rating on Bloomin' Brands (NASDAQ:BLMN) and Brinker International (NYSE:EAT). Those names are all called too attractive to ignore after experiencing less of a slowdown than feared due to the summer COVID spike, "We are incrementally more positive on the full service category following delta/inflation sell-off and exuberant Consensus forecasts reigned in." See details on the sleeper restaurant stock that has the highest Seeking Alpha Quant Rating.

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Dine-in restaurant stocks look appetizing to Jefferies with trends strong