William Blair initiated coverage with an "outperform" rating. The firm said the company can generate mid-teens annual earnings growth over the next three years, as it expands its store base.
Morgan Stanley, though, started coverage with an "underweight" rating and a $22 price target based on valuation.
The stock was down 6.63% to $31 in pre-market trading on Tuesday.LOCO data by YCharts
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