Information Provided By:
Fly News Breaks for November 29, 2018
BJRI
Nov 29, 2018 | 06:09 EDT
Loop Capital analyst Lynne Collier upgraded BJ's Restaurants to Buy and raised her price price target to $70 from $60. The analyst expects the company's positive comps momentum to continue thanks to an improving macro economy for its core customer, differentiated and higher priced "slow roasted menu items", daily brewhouse specials, and improving store-level execution. Collier is also positive on BJ's Restaurants moving further away from discounting along with higher traction from its upgraded loyalty program.
News For BJRI From the Last 2 Days
BJRI
Mar 27, 2024 | 07:04 EDT
BJ's Restaurants has engaged PW Partners to provide recommendations regarding cost structure and efficiencies to the Company and its board of directors. In conjunction with PW Partners' engagement, the Company entered into a cooperation agreement with PW Partners, a beneficial owner of more than 5% of the Company's common stock. Pursuant to the Cooperation Agreement, PW Partners agreed to withdraw a slate of director nominees that it had previously submitted for election to the Board at the Company's 2024 annual meeting of shareholders.