Market Overview

UPDATE: Wunderlich Securities Reiterates On BJ's Restaurants On Position For Further Gains

Share:

In a report published Wednesday, Wunderlich Securities analyst Robert M. Derrington reiterated a Buy rating on BJ's Restaurants (NASDAQ: BJRI), and raised the price target from $42.00 to $56.00.

In the report, Wunderlich Securities noted, “We reiterate our Buy rating on BJs Restaurants (BJRI) and are lifting our price target to $56 from $42. We believe management has laid the foundation for improved performance in future periods and appears on-track to meet its 3-year goal for 19% rest. margins by 2016. We believe management and its Board's plan to leave no-stone-unturned to improve its customer experience, operating trends and shareholder value has BJs well-positioned for further success to come. Despite that, BJRI was recently trading at only 11.7x our revised 2015 EV/EBITDA and 9.9x 2016 vs. its high-growth peer mean of 15.5x and 12.7x respectively. Supported by our estimate for 25-30% EPS growth and factoring an 11.7x multiple to our 2016 estimates, we are lifting our PT to $56 from $42 and reit. our Buy rating.”

BJ's Restaurants closed on Tuesday at $48.19.

Latest Ratings for BJRI

DateFirmActionFromTo
Oct 2019DowngradesBuyHold
Oct 2019MaintainsMarket Perform
Oct 2019MaintainsOutperform

View More Analyst Ratings for BJRI
View the Latest Analyst Ratings

Posted-In: Robert M. Derrington Wunderlich SecuritiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (BJRI)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
TOLGoldman SachsInitiates Coverage On42.0
KBHGoldman SachsInitiates Coverage On36.0
YEXTSunTrust Robinson HumphreyMaintains28.0
LHCGSunTrust Robinson HumphreyMaintains160.0
DLRSunTrust Robinson HumphreyMaintains140.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Supernus Announces Paragraph IV ANDA Filing for Oxtellar XR

Brent Crude Oil Continues To Decline Despite Dollar Weakness