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


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

Oct 2019DowngradesBuyHold
Oct 2019MaintainsMarket Perform
Oct 2019MaintainsOutperform

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


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