Piper Jaffray Raises PT On BJRI To $52

Piper Jaffray has issued a report raising the Price Target on BJ's Restaurants

from $50 to $52 a share. According to the report, "Further, we continue to believe ongoing restaurant-level investments help support a compelling value proposition for consumers and should in turn help maintain materially stronger SSS trends versus peers going forward. In the context of our fine tuned "Dog Bone" thesis, we look for the company to continue taking dining share." BJRI has an Overweight Rating and closed at $52 a share yesterday.