Stock price when the opinion was issued
It reported a great quarter: Chili's brand grew 31.4%, $2.80 EPS beat by nearly 1 dollar. And yet shares have collapsed in the the past month. So of this is pure profit-taking after a huge run-up. Softer traffic in some locations was down to bad weather in early February. He's long liked this for the same reason: it offer customers great value. It attracts customers of all incomes.