Analysts Cut BJ's Restaurants Price Target Post Q4 Results

Analysts Cut BJ's Restaurants Price Target Post Q4 Results
  • Barclays analyst Jeffrey Bernstein lowered the price target on BJ's Restaurants Inc BJRI to $25 from $31 (23.6% downside) and kept an Underweight rating on the shares.
  • The company's Q4 came in short of expectations, with the primary culprit inflation and the December omicron impact.
  • The analyst remains cautious, saying BJ's earnings visibility is limited.
  • Wedbush analyst Nick Setyan maintained BJ's Restaurants with a Neutral and reduced the price target from $34 to $33 (1% upside).
  • Piper Sandler analyst Nicole Miller Regan lowered the price target on BJ's Restaurants to $45 from $52 (37.5% upside) and kept an Overweight rating on the shares.
  • The company reported Q4 sales of $291.3 million, missing the consensus of $298.19 million.
  • Price Action: BJRI shares are trading lower by 5.26% at $31.00 in premarket on the last check Friday.
Posted In: BriefsAnalyst ColorNewsPrice TargetReiterationSmall CapAnalyst RatingsMoversTrading IdeasGeneral