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Fly News Breaks for June 27, 2018
BJRI
Jun 27, 2018 | 07:01 EDT
Wedbush analyst Nick Setyan raised his price target for BJ's Restaurants to $66 from $60 as he believes upside to his and consensus estimates remains as he maintains conservative same-store sales growth and margin assumptions pending further signs of the sustainability of recent same-store sales growth acceleration. The analyst also expects valuation to continue to expand toward the high end of casual dining peers, driven by relative same-store sales growth outperformance. He reiterates an Outperform rating on the shares.
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