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Fly News Breaks for April 13, 2018
BJRI
Apr 13, 2018 | 07:22 EDT
Wedbush analyst Nick Setyan raised his price target on BJ's Restaurants to $52 from $48, telling investors in a research note that he believes checks point to Q1 same-store sales growth at least in line with the 2.4% growth consensus, and said some upside exists to the expectations, adding that he sees Q2 and the second half of 2018 SSS growth expectations as conservative. He also expects valuation to continue to expand towards the high end of casual dining peers, driven by relative SSS growth outperformance.
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