In an all-cash deal valued at approximately $605 million, Darden Restaurants will acquire Chuy’s Holdings. Founded in Austin, Texas, in 1982, Chuy’s owns and operates full-service restaurants serving a Tex-Mex-inspired menu. Chuy’s has 101 restaurants spread across 15 states as of mid-July.
For the 12 months ending March 31, 2024, Chuy’s generated total revenues in excess of $450 million, and average annual restaurant volumes of $4.5 million, per a release announcing the deal.
Other Darden concepts include Olive Garden, LongHorn Steakhouse, Yard House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V's and Bahama Breeze. Darden also acquired Ruth’s Chris Steakhouse in May of 2023.
