In a report published Monday, Oppenheimer analyst Brian Bittner reiterated an Outperform rating on BJ's Restaurants BJRI, and raised the price target from $38.00 to $43.00.
In the report, Bittner noted, “Despite a 20% run since early-April (S&P +7%), we believe the stock remains attractive and increase PT to $43 from $38. BJRI's sensitive earnings model holds unique leverage and we have conviction for upward revisions to '13/'14. Conservative Street operating assumptions provide a low bar for a newly-led mgmt with maniacal focus on elevating four-wall metrics and driving new efficiencies. Long-term growth thesis also intact with new markets ready to sprout and a long runway before growth worries should enter conversation, in our view.”
BJ's Restaurants closed on Friday at $37.49.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in