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UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on BJ's Restaurants

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In a report published Friday, Jefferies & Company reiterated its Hold rating on BJ's Restaurants (NASDAQ: BJRI), but lowered its price target from $40.00 to $33.00.

Jefferies noted, “EPS of $0.24 vs our 0.27/cons 0.28 and SSS decelerated to 2.3% vs our/cons 3.5% as consumer spending in casual dining increasingly became choppy & competitive. Oct SSS of 2.5%; although we think current trends are weighed down by a variety of external issues, we find it difficult to expect SSS above 3% for next few qtrs and see margins delivering NT w/ 4% infl in '13. Accordingly we lowered our 12/13 EPS to $1.13/1.30.”

BJ's Restaurants closed on Thursday at $38.28.

Latest Ratings for BJRI

DateFirmActionFromTo
Oct 2016WedbushMaintainsNeutral
Oct 2016BarclaysMaintainsUnderweight
Oct 2016Morgan StanleyMaintainsEqual-Weight

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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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