UPDATE: Jefferies Raises PT on BJ's Restaurants to $39 (BJRI)

Jefferies is out with its report today on BJ's Restaurants BJRI, raising its PT from $30 to $39. In a note to clients, Jefferies writes, "Op. EPS of $0.26 beat our $0.20 & cons. of $0.19 as 7.8% SSS beat 5% expectations. Even with the recent rally in the stock, results were strong and the outlook mostly unchanged even if infl at +4% looks a bit higher than BJRI's already conservative guide. Continued solid sales trends & pricing flexibility gives us confident in 34% EPS gr. in '11. Our ‘11 & '12 EPS to $1.10 & 1.30; PT to $39." At the time of posting, shares of BJRI were trading pre-market at $42.00, down 3.34% from Wednesday's close.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst Ratingsbj's restaurantsConsumer DiscretionaryJefferiesRestaurants
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!