Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 30, 2021, it owned and operated 1,834 restaurants, which included 875 under the Olive Garden, 533 under the LongHorn Steakhouse, 170 under the Cheddar's Scratch Kitchen, 81 under the Yard House, 63 under The Capital Grille, 44 under the Seasons 52, 42 under the Bahama Breeze, and 26 under the Eddie V's Prime Seafood brands. The company was founded in 1968 and is based in Orlando, Florida.
IPO Year:
Exchange: NYSE
Website: darden.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/20/2024 | $165.00 → $205.00 | In-line → Outperform | Evercore ISI |
9/20/2024 | $190.00 → $180.00 | Outperform → Mkt Perform | Bernstein |
7/23/2024 | $170.00 → $150.00 | Buy → Hold | TD Cowen |
7/11/2024 | $154.00 → $124.00 | Hold → Underperform | Jefferies |
5/17/2024 | $175.00 | Neutral → Buy | BTIG Research |
4/12/2024 | $170.00 | Equal-Weight | Stephens |
10/19/2023 | $159.00 | Buy | Deutsche Bank |
7/18/2023 | $167.00 | Neutral | Piper Sandler |
2/2/2023 | $170.00 | Buy | Guggenheim |
1/24/2023 | $155.00 | Equal Weight | Wells Fargo |
ORLANDO, Fla., Oct. 11, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) today announced that it has completed the acquisition of Chuy's Holdings, Inc. ("Chuy's Holdings") in an all-cash transaction with an enterprise value of approximately $605 million. The transaction was approved by a majority of Chuy's Holdings stockholders on October 10, 2024. This follows the merger agreement that was announced on July 17, 2024. Darden financed the acquisition with a portion of the proceeds of a $400 million offering of 4.350% senior notes due 2027 and a $350 million offering of 4.550% senior notes due 2029, which were issued on October 3, 2024. With the acquisition now complete, Ch
NEW YORK, Oct. 7, 2024 /PRNewswire/ -- DocuSign Inc. (NASD:DOCU) will replace MDU Resources Group Inc. (NYSE:MDU) in the S&P MidCap 400, and MDU Resources Group will replace Chuy's Holdings Inc. (NASD:CHUY) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 11. S&P 500 constituent Darden Restaurants Inc. (NYSE:DRI) is acquiring Chuy's Holdings in a deal expected to be completed soon, pending final closing conditions. MDU Resources announced its intention to spin-off a company later this month. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ti
Olive Garden guests will soon have another option to enjoy their favorite dishes at home, with orders made through Olive Garden channels and delivery powered by Uber Direct; Custom integration preserves team member and guest experience, while growing first-party delivery demand ORLANDO, Fla. and SAN FRANCISCO, Sept. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) and Uber Technologies, Inc. (NYSE:UBER) have entered into an exclusive multi-year delivery partnership, set to begin with Olive Garden in late 2024. The agreement will enable restaurant guests to order on-demand delivery via Darden restaurant channels, with delivery handled by Uber Direct, through Uber's national deliv
ORLANDO, Fla., Sept. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the first quarter ended August 25, 2024. First Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 1.0% to $2.8 billion, driven by sales from 42 net new restaurants, partially offset by a blended same-restaurant sales* decrease of (1.1)%Same-restaurant sales:Consolidated Darden* (1.1) % Olive Garden (2.9) % LongHorn Steakhouse 3.7 % Fine Dining* (6.0) % Other Business (1.8) % Reported diluted net earnings per share from continuing operations were $1.74Excluding $0.01 of Chuy's transaction and integration related cost
ORLANDO, Fla., Aug. 22, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2025 first quarter financial results before the market opens on Thursday, September 19, 2024, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss first quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fiscal 2025 First Quarter Earnings Conference Call When: 8:30 am ET, Thursday, September 19, 2024 Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=PaNJ6RaT How: Live o
ORLANDO, Fla. and AUSTIN, Texas, July 17, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Chuy's Holdings, Inc. ("Chuy's") (NASDAQ:CHUY), jointly announced today that they have entered into a definitive agreement pursuant to which Darden will acquire all of the outstanding shares of Chuy's for $37.50 per share, in an all-cash transaction with an enterprise value of approximately $605 million. Chuy's will complement Darden's portfolio of iconic brands, which currently includes Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris Steak House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V's and Bahama Breeze. Founded in Austin, Texas, in 1982
ORLANDO, Fla., June 20, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the fourth quarter and fiscal year ended May 26, 2024. Fourth Quarter 2024 Financial Highlights Total sales increased 6.8% to $3.0 billion driven by sales from the addition of 80 company-owned Ruth's Chris Steak House (Ruth's Chris) restaurants and 37 other net new restaurantsSame-restaurant sales:Consolidated Darden* 0.0 % Olive Garden (1.5) % LongHorn Steakhouse 4.0 % Fine Dining* (2.6) % Other Business (1.1) % Reported diluted net earnings per share from continuing operations were $2.58Excluding $0.07 of Ruth's Chris transaction and integration related costs, adjusted
ORLANDO, Fla., May 22, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2024 fourth quarter financial results before the market opens on Thursday, June 20, 2024, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss fourth quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fiscal 2024 Fourth Quarter Earnings Conference Call When: 8:30 am ET, Thursday, June 20, 2024 Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=haKaMeza How: Live
BOCA RATON, Fla., April 23, 2024 /PRNewswire/ -- Baum Family Investments (BFI) proudly announces its official debut in the real estate investment landscape. With over fifteen years of expertise in triple net leased investments and the backing of prominent family offices in Detroit, Miami, and New York, BFI enters the market poised for success. Led by Aaron Baum, a seasoned investor and capital manager with a track record of advising, brokering, and acquiring over $175,000,0000 in net leased real estate nationwide, BFI is set to continue its legacy of success. Notable investmen
ORLANDO, Fla., March 21, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the third quarter ended February 25, 2024. Third Quarter 2024 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 6.8% to $3.0 billion, driven by sales from the addition of 79 company-owned Ruth's Chris Steak House (Ruth's Chris) restaurants and 53 other net new restaurants, partially offset by a blended same-restaurant sales* decrease of (1.0)%Same-restaurant sales:Consolidated Darden* (1.0) % Olive Garden (1.8) % LongHorn Steakhouse 2.3 % Fine Dining* (2.3) % Other Business (2.6) % Reported diluted net earnings per share from c
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Evercore ISI upgraded Darden Restaurants from In-line to Outperform and set a new price target of $205.00 from $165.00 previously
Bernstein downgraded Darden Restaurants from Outperform to Mkt Perform and set a new price target of $180.00 from $190.00 previously
TD Cowen downgraded Darden Restaurants from Buy to Hold and set a new price target of $150.00 from $170.00 previously
Jefferies downgraded Darden Restaurants from Hold to Underperform and set a new price target of $124.00 from $154.00 previously
BTIG Research upgraded Darden Restaurants from Neutral to Buy and set a new price target of $175.00
Stephens resumed coverage of Darden Restaurants with a rating of Equal-Weight and set a new price target of $170.00
Deutsche Bank initiated coverage of Darden Restaurants with a rating of Buy and set a new price target of $159.00
Piper Sandler initiated coverage of Darden Restaurants with a rating of Neutral and set a new price target of $167.00
Guggenheim initiated coverage of Darden Restaurants with a rating of Buy and set a new price target of $170.00
Wells Fargo initiated coverage of Darden Restaurants with a rating of Equal Weight and set a new price target of $155.00
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NEW YORK, Oct. 7, 2024 /PRNewswire/ -- DocuSign Inc. (NASD:DOCU) will replace MDU Resources Group Inc. (NYSE:MDU) in the S&P MidCap 400, and MDU Resources Group will replace Chuy's Holdings Inc. (NASD:CHUY) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 11. S&P 500 constituent Darden Restaurants Inc. (NYSE:DRI) is acquiring Chuy's Holdings in a deal expected to be completed soon, pending final closing conditions. MDU Resources announced its intention to spin-off a company later this month. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ti
Chair Mary J. Guilfoile, Who Has Served With Distinction, to Step Down Following the 2024 Annual Meeting William S. Simon and Jill Sutton, Who Collectively Possess Experience in Capital Allocation, Corporate Governance and Transformations, Have Been Added to the Board Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced that Mary J. Guilfoile will step down as Chair and retire from the Board of Directors (the "Board") following the 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The Board will elect a new Chair following Ms. Guilfoile's retirement. Add
ORLANDO, Fla., June 22, 2023 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) ("Darden" and "the Company") and Eugene I. Lee, Jr., Chairman of the Board of Directors of the Company, today announced that Mr. Lee has decided not to stand for reelection at the Company's 2023 Annual Meeting. Following the annual meeting, the Board will be comprised of nine members. "Serving as Darden's CEO and as a member and Chairman of the Board of Directors has been an honor," said Mr. Lee. "I am proud of what we have accomplished and believe that Darden is well-positioned to continue to grow and prosper for years to come." Darden Chief Executive Officer, Rick Cardenas, stated, "Gene is an extraordinary le
ORLANDO, Fla., Dec. 17, 2021 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) announced today that Eugene (Gene) I. Lee, Jr., Chairman and Chief Executive Officer, will retire as CEO effective May 29, 2022. Lee, 60, will continue to serve on Darden's Board of Directors as Executive Chairman until the 2022 Annual Meeting of Shareholders. At that time, Lee is expected to stand for re-election to the Board and continue to serve as Chairman in a non-executive capacity. The Board has unanimously elected Ricardo (Rick) Cardenas, 53, Darden's current President and Chief Operating Officer, as Chief Executive Officer, as well as a member of the Board effective May 30, 2022. "The Board and I are de
Orlando, Florida, Feb. 11, 2021 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of influencer marketing technology, data, and services for the world’s leading brands, announced the addition of Jill Golder to the company’s Board of Directors. Ms. Golder served as the Chief Financial Officer for Cracker Barrel Old Country Store (NYSE:CBRL) until her retirement on December 31, 2020. As Chief Financial Officer, Ms. Golder managed all areas of Corporate Finance, Accounting, Investor Relations, Internal Audit, Strategic Planning and Information Technology for the company. Ms. Golder currently serves as a Board Member for ABM Industries (NYSE: ABM), a Fortune 500 com
ORLANDO, Fla., Oct. 11, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) today announced that it has completed the acquisition of Chuy's Holdings, Inc. ("Chuy's Holdings") in an all-cash transaction with an enterprise value of approximately $605 million. The transaction was approved by a majority of Chuy's Holdings stockholders on October 10, 2024. This follows the merger agreement that was announced on July 17, 2024. Darden financed the acquisition with a portion of the proceeds of a $400 million offering of 4.350% senior notes due 2027 and a $350 million offering of 4.550% senior notes due 2029, which were issued on October 3, 2024. With the acquisition now complete, Ch
ORLANDO, Fla., Sept. 19, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the first quarter ended August 25, 2024. First Quarter 2025 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 1.0% to $2.8 billion, driven by sales from 42 net new restaurants, partially offset by a blended same-restaurant sales* decrease of (1.1)%Same-restaurant sales:Consolidated Darden* (1.1) % Olive Garden (2.9) % LongHorn Steakhouse 3.7 % Fine Dining* (6.0) % Other Business (1.8) % Reported diluted net earnings per share from continuing operations were $1.74Excluding $0.01 of Chuy's transaction and integration related cost
ORLANDO, Fla., Aug. 22, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2025 first quarter financial results before the market opens on Thursday, September 19, 2024, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss first quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fiscal 2025 First Quarter Earnings Conference Call When: 8:30 am ET, Thursday, September 19, 2024 Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=PaNJ6RaT How: Live o
ORLANDO, Fla. and AUSTIN, Texas, July 17, 2024 /PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Chuy's Holdings, Inc. ("Chuy's") (NASDAQ:CHUY), jointly announced today that they have entered into a definitive agreement pursuant to which Darden will acquire all of the outstanding shares of Chuy's for $37.50 per share, in an all-cash transaction with an enterprise value of approximately $605 million. Chuy's will complement Darden's portfolio of iconic brands, which currently includes Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris Steak House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V's and Bahama Breeze. Founded in Austin, Texas, in 1982
ORLANDO, Fla., June 20, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the fourth quarter and fiscal year ended May 26, 2024. Fourth Quarter 2024 Financial Highlights Total sales increased 6.8% to $3.0 billion driven by sales from the addition of 80 company-owned Ruth's Chris Steak House (Ruth's Chris) restaurants and 37 other net new restaurantsSame-restaurant sales:Consolidated Darden* 0.0 % Olive Garden (1.5) % LongHorn Steakhouse 4.0 % Fine Dining* (2.6) % Other Business (1.1) % Reported diluted net earnings per share from continuing operations were $2.58Excluding $0.07 of Ruth's Chris transaction and integration related costs, adjusted
ORLANDO, Fla., May 22, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2024 fourth quarter financial results before the market opens on Thursday, June 20, 2024, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss fourth quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fiscal 2024 Fourth Quarter Earnings Conference Call When: 8:30 am ET, Thursday, June 20, 2024 Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=haKaMeza How: Live
ORLANDO, Fla., March 21, 2024 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the third quarter ended February 25, 2024. Third Quarter 2024 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 6.8% to $3.0 billion, driven by sales from the addition of 79 company-owned Ruth's Chris Steak House (Ruth's Chris) restaurants and 53 other net new restaurants, partially offset by a blended same-restaurant sales* decrease of (1.0)%Same-restaurant sales:Consolidated Darden* (1.0) % Olive Garden (1.8) % LongHorn Steakhouse 2.3 % Fine Dining* (2.3) % Other Business (2.6) % Reported diluted net earnings per share from c
ORLANDO, Fla., Feb. 21, 2024 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2024 third quarter financial results before the market opens on Thursday, March 21, 2024, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss third quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fiscal 2024 Third Quarter Earnings Conference Call When: 8:30 am ET, Thursday, March 21, 2024 Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=
ORLANDO, Fla., Dec. 15, 2023 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the second quarter ended November 26, 2023. Second Quarter 2024 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year Total sales increased 9.7% to $2.7 billion, driven by a blended same-restaurant sales* increase of 2.8% and sales from the addition of 78 company-owned Ruth's Chris Steak House (Ruth's Chris) restaurants and 45 other net new restaurantsSame-restaurant salesConsolidated Darden* 2.8 % Olive Garden 4.1 % LongHorn Steakhouse 4.9 % Fine Dining* (1.7) % Other Business (1.1) % Reported diluted net earnings per share from continuing operations we
ORLANDO, Fla., Nov. 16, 2023 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2024 second quarter financial results before the market opens on Friday, December 15, 2023, with a conference call to follow at 8:30 am ET. Rick Cardenas, CEO, and other senior management will discuss second quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. What: Darden Restaurants, Inc. Fiscal 2024 Second Quarter Earnings Conference Call When: 8:30 am ET, Friday, December 15, 2023 Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=qByV89OK How: Live over
TD Cowen analyst Andrew Charles downgrades Darden Restaurants (NYSE:DRI) from Buy to Hold and lowers the price target from $170 to $150.
Piper Sandler analyst Brian Mullan maintains Darden Restaurants (NYSE:DRI) with a Neutral and lowers the price target from $163 to $159.
Stephens & Co. analyst Jim Salera reiterates Darden Restaurants (NYSE:DRI) with a Equal-Weight and maintains $165 price target.
Shares of Domino’s Pizza, Inc. (NYSE:DPZ) fell sharply during Thursday's session after the company reported mixed quarterly results. The company reported second-quarter FY24 sales growth of 7.1% year-on-year to $1.097 billion, missing the analyst consensus estimate of $1.103 billion. The company is temporarily suspending its guidance metric of 1,100+ global net stores growth until the full effect of DPE's store opens and closures on international net store growth are known. Domino’s Pizza shares dipped 11.2% to $420.36 on Thursday. Here are some other stocks moving in today’s mid-day session. Gainers Onconetix, Inc. (NASDAQ:ONCO) climbed 97.6% to $0.2944. On July 15, Oncon
Chuy’s Holdings, Inc. (NASDAQ:CHUY) shares are trading higher Thursday after Darden Restaurants, Inc. (NYSE:DRI) announced it will acquire the company. The Details: Darden will acquire all of Chuy's outstanding shares for $37.50 per share in an all-cash transaction with an enterprise value of approximately $605 million. The transaction is expected to be completed in Darden’s fiscal second quarter, subject to satisfaction of customary closing conditions. Chuy’s will join Darden’s portfolio of brands, which includes Olive Garden, LongHorn Steakhouse, Yard House, Ruth’s Chris Steak House, Cheddar’s Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V’s and Bahama Breeze. Read N
U.S. stocks were higher, with the Dow Jones index gaining around 150 points on Thursday. Shares of Cintas Corporation (NASDAQ:CTAS) rose during Thursday's session after the company reported better-than-expected quarterly EPS and revenues. Cintas reported fourth-quarter earnings per share of $3.99, beating the street view of $3.80. The company registered quarterly revenues of $2.471 billion, beating the street view of $2.468 billion, according to data from Benzinga Pro. Cintas shares gained 5.3% to $758.25 on Thursday. Here are some other big stocks recording gains in today’s session. Chuy’s Holdings, Inc. (NASDAQ:CHUY) shares gained 47.6% to $37.29 after the company and Darde
Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) rose sharply in today's pre-market trading after the company and Darden Restaurants, Inc. (NYSE:DRI) jointly announced that Darden will acquire Chuy's Holdings. Chuy's Holdings and Darden entered into a definitive agreement in which Darden will acquire all of Chuy's outstanding stock for $37.50 per share in cash. The all-cash transaction has an enterprise value of approximately $605 million. Chuy’s Holdings shares jumped 47.4% to $37.27 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Onconetix, Inc. (NASDAQ:ONCO) gained 65% to $0.2458 in pre-market trading. On July 15, Onconetix announced cl
Wedbush analyst Nick Setyan reiterates Darden Restaurants (NYSE:DRI) with a Outperform and maintains $170 price target.
Chuy’s Holdings Inc (NASDAQ:CHUY) shares are popping in Wednesday’s after-hours session after the company and Darden Restaurants, Inc. (NYSE:DRI) jointly announced that Darden will acquire Chuy’s Holdings. What Happened: Chuy’s Holdings and Darden entered into a definitive agreement in which Darden will acquire all of Chuy’s outstanding stock for $37.50 per share in cash. The all-cash transaction has an enterprise value of approximately $605 million. “Chuy’s is a differentiated brand within the full-service dining industry with strong performance and growth potential,” said Rick Cardenas, president and CEO of Darden. “Based on our criteria for adding a brand to the Darden portfolio, w
Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Chuy's Holdings, Inc. ("Chuy's") (NASDAQ:CHUY), jointly announced today that they have entered into a definitive agreement pursuant to which Darden will acquire all of the outstanding shares of Chuy's for $37.50 per share, in an all-cash transaction with an enterprise value of approximately $605 million. Chuy's will complement Darden's portfolio of iconic brands, which currently includes Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris Steak House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V's and Bahama Breeze.Founded in Austin, Texas, in 1982, Chuy's owns and operates full-service restaurants serving a dis